On Monday, September 9, the afternoon market analysis of Bitcoin is as follows:
Today's market trend was relatively slow in the morning session. After a slight rebound to the 55,300 area in the morning, it fell under pressure and reached a low point near 54,600. The overall volatility was limited. According to the morning analysis, we recommend shorting Bitcoin in the 55,300-55,500 range. The current market has fallen by about 700 points, which is in line with expectations.
From the 4-hour trend chart, the overall market is still in a volatile downward trend. Although there is a rebound in the short term, the overall structure is still bearish, and the downward trend is obvious. These rebounds are just corrections to the trend and have not changed the weak structure. On the hourly line, the market fell under pressure after a short rebound, showing that the rebound in the weak market is weak and there are signs of continuation of short-term bears.
Therefore, in terms of operation, we still recommend paying attention to the decline of the market and keeping a high-altitude mindset. On Monday morning, we have suggested shorting Bitcoin in the 55300-55500 range, with a target of 53000-52500; at the same time, we also suggest shorting Ethereum in the 2320-2350 range, with a target of 2250-2200.
Finally, I want to say that you should not complain about the unfairness of fate. There is no absolute fairness in the world, but we have the right to choose. If the path you choose is not smooth, you might as well change your way forward, and there may be unexpected surprises waiting for you. The same is true on the road of investment. We need to respond flexibly to market changes and make wise choices. #美国经济软着陆? #以太坊基金会 #BTC走势分析 #美国8月非农就业人数不及预期 #BTC☀