Tuesday, September 17, Bitcoin evening market insights

Mid-Autumn Festival, in this warm festival, may we share the joy of reunion like members of a big family. Just like the waxing and waning of the moon has its own rules, our cooperation has always been orderly. I hope everyone will continue to work together in the future to create brilliance

Bitcoin is running in a slow upward trend in the intraday market. The price of the currency has been rising since it hit the bottom of 57,500 yesterday. It is currently under pressure after touching the 59,000 area. In the morning, it was given to short in the 58,500-58,800 area. The market also gave a certain rebound space. The short-term upward trend was blocked. The operation continued to maintain the high-altitude thinking unchanged

From the daily line structure, the price ratio is in a volatile downward trend as a whole, and the high point is constantly moving down. After the decline, it is accompanied by a rebound and correction. The overall trend is still short. The 4-hour rebound after a round of decline, and the moving average indicator and the Bollinger band are both extending downward, so the short-term rebound is not a reversal of the trend. The upper resistance level is now around 59,000. If the price ratio can effectively break through this resistance level, it will challenge a higher resistance level. The short-term market is in the stage of rebound and consolidation. We will hold the idea of ​​rebounding and shorting for a while and wait and see before making a layout. If the pressure level is effectively broken, we can consider following in reverse.

On Tuesday night, it is recommended to short Bitcoin around 59000-59500, and the target is 57500-56000. On Tuesday night, it is recommended to short Ethereum at 2320-2340, and the target is 2230-2200. Investment is a journey of self-transcendence, an exploration of the unknown, and a control of risks. In this process, we will be confused and make mistakes, but it is these experiences that make us stronger and wiser. #币安上线NEIRO #新币挖矿HMSTR #加密市场急跌 #美国大选如何影响加密产业？ #FTX赎回Solana $BTC $ETH $BNB