2024-09-25 Nightline Viewpoint
Hello everyone, I am your cat. I have been working on the code for half the night. I don’t know what time I will get up tomorrow morning. I took a look at the nightline and shared it. The following is for reference only. I have to catch up with the progress of the auxiliary tools in the next two days, so the frequency of sharing may be reduced. In order to help everyone to trade better, I sacrifice some time for sharing. I hope you can understand.
For BTC, we need to pay more attention to the situation in the 635 range. If it continues to be suppressed by 635 and cannot maintain 2 4-hours above 635, it will not be able to continue to touch 650. It is safer to go long on the rebound or after breaking the key position. Look at where it falls below the key position, and look at the position that has not been broken before. Once it falls below there and cannot rebound in 1 4h, you can go short. Or you can also enter the position close to 635 and stop loss in batches, 638 stop loss 50%, 642 stop loss 50%. I recommend shorting, but it seems that people will scold you for saying shorting. The monthly line does not support prices above 650 for the time being, and I continue to maintain my view of a pullback.
On the Ethereum side, this line was drawn 2 days ago. At that time, Ethereum had not yet walked out of the latter section. It can be seen that after it fell below the trend line, it was suppressed by the trend line. Here we need to pay attention to several key reversal points. The first position is 2637. Whether it can be maintained above this price is the first step to achieve an increase. The most basic step is to cover the yin with the yang and maintain it for at least 2 4 hours without breaking. If this cannot be achieved, there is no bullishness in the future. If this can be achieved, then wait and see the breakthrough of 2658. If it breaks through 2 4 hours and does not break, you can continue to look at 2700-2720. If it cannot be done, then it will continue to be suppressed by this position. If the daily line cannot rise, it will continue to be suppressed when the night line is shipped by Grayscale. After repeated suppression several times, the momentum of the bulls will be exhausted. However, Ethereum seems to have no reason to continue to rise. Above 2700, no one can be liquidated. Standing here is more like a lure to buy more.
Judging from the pattern, the daily line, and the liquidation situation, there will be a correction, but I don’t know why it is falling instead of sideways. I can only continue to endure it.
The above is for reference only.
