Hello everyone, today is September 11, 2024
Yesterday's script was actually the same as that of the weekend, that is, the price could not fall any further, and as we said yesterday, the 4-hour line reached 57,000, and then reached a high of 58,000 this morning. The biggest influence was tonight's US CBI data. Will Bitcoin go to 60,000 next, or will it stop here and continue to pull back? Without further ado, let us take a look at the latest views and analysis of various bloggers.
First, let's take a look at Arthur. He said at 3:30 pm yesterday that there may be another small rise before the pullback begins. Then at 5:30, he continued to analyze that Bitcoin has a good momentum and is looking forward to forming another high point to provide us with MSB, and then start looking for the pullback range. The blue area has potential demand in three places. Arthur believes that Bitcoin will break through 58,500, touch 60,000, and then step back to the blue range. After touching 55,800, it will rebound to 61,000. Then at 9:30 last night, he continued to analyze Bitcoin's intraday strategy. Today, we may short in the next round of rise to fill our longs below. We have a FEG below, so we hope to see it filled. If I see that we form the LTF level, we will switch from airdrops to longs. For Ethereum, I am more focused on building a long position on this basis, so this long order has not changed. Well, Arthur's view is equivalent to the FEG gap below, and the corresponding price is 56,000. He believes that a rise will fill this gap. It is mainly in the pullback to establish Ethereum longs. You can refer to Arthur's views.
Next, let’s take a look at Bitcoin Peak.
At 4 pm yesterday afternoon, I gave a medium- to long-term long position suggestion for BTC. The current price is around 57,200, the stop loss is 56,200, and the profit is pending. Then at 8:30 last night, we analyzed that in the past two days, we have seen the bullish reinforcement signal from the market, the upper break of the outer edge of the upward channel, and the retracement after the completion of the stage high point. At the same time, the retracement amplitude is not large, so the downward flag line expectation failed, the previous horizontal support turned into resistance, and the first retracement predicted the decline and then rose, which means that the distribution was quickly digested. The formation of the tower bottom is the initial form of the bottom reversal. Therefore, we can basically confirm that the reversal is completed and the structure is transformed. Our views will also be adjusted accordingly. The expected trend high point needs to see the identification signal at the 4-hour level. No prediction is made at present. This week's news focuses on the debate between the US presidential election candidates Trump and Harris on September 10, which will be held by the American Broadcasting Corporation, and the US inflation data on September 11. The U.S. Consumer Price Index (CPI) and Core CPI data for August will be released. These data points are crucial for assessing inflation trends, which will affect the Fed's policy decisions. The European Central Bank will decide on the ECP interest rate on September 12, and the U.S. Producer Price Index (PPI). Also on September 12, the U.S. PPI data will be released. This is another important indicator of inflation, reflecting changes in the prices of goods and services obtained by producers. On September 13, the consumer sentiment data, Isigen University will release the preliminary consumer sentiment index for September, which provides insights into consumer confidence and consumer intentions. The good thing is that Feng Ge's point of view is equivalent to his continued holding of this long order, with a current profit of 500 points. He believes that Bitcoin may have bottomed out. The important catalysts this week are the U.S. CPI data and Thursday's PPI. Especially tonight's CPI may cause the market to fluctuate violently. You can refer to Feng Ge's point of view.
Next, let's take a look at the chart champion Daniel. According to his news yesterday afternoon, the current important support level of Bitcoin is around 56,000. Here is the current weekly point of 54,437, the daily naked point control point of 54,300, and the important resistance on the upper edge of the CME futures gap is in the range of 59,100-60,100 US dollars. Here is the low point of the daily value range and the important psychological level of 61,500-61,600, the end point of the descending channel and the daily naked point control point of 63,300, the harmonic pattern 0.886 Fibonacci retracement level. Daniel remains long and expects the price to rise to the range of 59,100-60,000 US dollars. Look for short opportunities in the range of 59,100-60,000 US dollars. If there is a pullback, look for a head opportunity in the range of 54,300-54,437 US dollars. Pay close attention to the level of 60,000 US dollars. Breaking this level may mean a new high.
Then at 1:30 this morning, he said that NPOC hit, which is my last oblique wave water cloud target. Since Bitcoin was oversold that night, I will go long here. At 1:30 this morning, he said that $59,112 is still my biggest target and is expected to be tested. Well, this chart champion Daniel's view is equivalent to him opening a long order, with a tentative target of 59,000. He is more bullish. You can refer to Daniel's view.
Next, let’s take a look at blockchain sniper VIVI
He said at 9:30 last night, LTF update for traders, reminding you to avoid day trading today, only do recommended trades, avoid most trades, we expect Bitcoin to sweep the highs before falling, the falling red candle may appear before, during or after the debate, but there may be a single candle pullback, don't panic, this is the last layer, as for shorting KSM, throw it on the radar, we will enter when he enters, it doesn't prevent me from continuing to pay attention to STRK, he fell a lot last night, VIVI is awesome, he thinks the US presidential election debate will cause the market to fall, but this is the last drop
