Since the US stock market rose sharply yesterday, today's market may show a smaller increase or even a volatile decline. The Nikkei index rose in the morning, but there was no obvious movement in the US stock market before the market, so today is a good day for swing trading.
Operation strategy: If the price of Bitcoin (BTC) reaches $59,300, you can set a stop loss of 800 points and try to short, with a target of 1,500 points. If Bitcoin falls to $57,300, you can set a stop loss of 800 points and try to short, with a target of 2,000 points. The release of initial jobless claims data may provide opportunities for low-long or high-short.
Position suggestion: If you hold spot and buy on the 6th-8th or last night, consider selling half when Bitcoin reaches $60,000 or Ethereum (ETH) reaches $2,500, and sell the rest on September 18. For investors who enter the market at the third buy, it is not recommended to increase positions unless they are at a lower position (such as $56,500).
Medium-term long orders: The current long orders are not long-term, but medium-term, and frequent rolling is not recommended. Medium-term short orders will start from September 19. If you do not enter the market at the second sell position, it is not recommended to enter the market at the third sell position to avoid floor shorts.
Target price: Bitcoin's target may be between $61,500 and $63,000, and $67,000 is unlikely.
Ethereum trend: Ethereum may have a chance to make up for the rise this week or next week. It is currently grinding near the 4-hour level descending trend line. If Bitcoin rises to $59,300, Ethereum may break through the trend line. Observe whether Ethereum returns to the trend line when Bitcoin falls back. If it does not fall back, Ethereum may drive Bitcoin up, which is a rare but important market signal.
Stay vigilant and adjust strategies according to market dynamics, especially pay attention to the key support and resistance levels of Bitcoin and Ethereum.
