Insights on Bitcoin's morning market on Saturday, September 28
Bitcoin's market is setting new highs every day. Yesterday, it also fluctuated upward all the way. It reached the highest level of 66,500 and then fell back under pressure. It is currently located at the 65,800 line. Yesterday morning, it gave 64,600-64,200 for long positions, and looked at the 66,000-67,000 line. The bullish idea once again closed with a gain of more than 2,000 points. The continuous upward movement has formed an obvious upward trend, so don't be afraid of heights and don't guess the top easily.
In the daily structure, the K-line closed positive again, and the bullish sentiment remained unchanged. With the continuous breakthrough of new highs in the short term, the market basically did not give the bears a chance to perform, and the trend was mostly positive K. Therefore, participation must be in line with the trend. It is very obvious on the 4-hour chart. The Bollinger band diverges upward, and the K-line breaks through the upper track again and then goes out of the negative K and falls back. This is also the basic correction method in the upward process. In the short term, the upward momentum is strong, and the pattern is still dominated by bulls. In terms of operation, continue to follow the long position with a retracement.
On Saturday morning, it is recommended to go long in the 65500-65300 area of Bitcoin, and the target is 67000-67500.
On Saturday morning, it is recommended to go long in Ethereum 2670-2650, and the target is 2750-2800.
As the saying goes, every profession has its own specialty. If you are currently facing difficulties and the order is not done well, you can change your mind, change a place, and change your luck, which will definitely make you suddenly enlightened!
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