Hello everyone, today is September 12, 2024
Yesterday, the price of Bitcoin fell below 55,880 and reached 55,500. Then it rebounded to around 58,000. It did not directly reach 59,000. The scenario is the same as we thought. Will Bitcoin go to 59,000 next? Or will it continue to fluctuate in the range? Without further ado, let's take a look at the latest views and analysis of various bloggers.
Let's look at the chart champion eager. Eager said yesterday afternoon that the current important point of Bitcoin is the CME point. 56,100 is an important support level. There is a single point print here, forming a gap-like structure. 57,500 is an important resistance level. This is the high point of the current value area. 58,000 is also an important resistance level. There is unfinished business here. The resistance of 57,500 and 58,000 comes from the previous high point, the value area, indicating that there is a lot of selling pressure here. The author established a long position near the early low point, targeting the high point of the value area. 57,500, using the triple profit target strategy, taking profits at different price levels, and stopping losses below the current range. If the price falls below the support and rebounds, consider re-establishing long positions. Pay attention to important trend lines and look for trading opportunities when backtesting after a breakthrough. Igor is generally bullish and believes that the current correction may be higher. The time deviation, the $56,100 support is very important. If this position can be held, there is still room for growth in the future. Pay attention to the upcoming CPI data, which may trigger market fluctuations. Be cautious in trading after the CPI is released, because there may be a rapid breakthrough of important prices.
Later at 1:30 this morning, Daniel said that 59,122 is still my biggest target and still believes that this is a high-probability event. This is equivalent to what they thought yesterday that the key position was 56,100. We are talking about 56,00056,000. This position is too accurate. After the longs are cleared, the market will rise again. Daniel and his colleagues are still bullish overall. You can refer to it.
Next, let’s take a look at Bitcoin Peak.
Fengge placed a long order on Ethereum before the CPI was released at 7:30 last night, going long near 2,320, with a stop loss of 2,262
,sol went long at 131.4, stop loss at 125.8, and all of Sol's profits were taken out of Ethereum at 9:30 last night. There is a certain resistance at the short-term level. We should wait and see and wait for a better position to decide whether to continue to enter the market. Then after Bitcoin and Ethereum fell, he gave another suggestion to go long on Ethereum, going long near 2,323, and then gave a long order of Bitcoin at 55,600 at 11 o'clock last night, and then took profits out of Ethereum in the early hours of this morning. Just hold Bitcoin, but when the top signal appears, we will consider exiting. We are currently in floating profit, and we can consider moving the stop loss. Well, this is Feng Ge's explosive order. His long order of Bitcoin lost money the day before yesterday. Yesterday, ETH made two profits and Sol made one profit. The long order of Bitcoin is still held, with a profit of 2,000 points. The overall profit yesterday must have exceeded 4,000 points. The performance is not bad. You can refer to Feng Ge's point of view.
Next, let's take a look at blockchain sniper Vivi. He said at 9:30 last night that the LTF updated DM1 report provided by traders showed that sales fell and CPI rose, which is bad news for the market, so we will not modify the target. CPI will have an impact on the market. In fact, CPI is good at establishing new airdrop positions, so 58,888-60,888 is the last chance to escape before everything is destroyed. Although we will focus on airdrops, PPI may cause Bitcoin to rise again. There will be no big drop before reaching 60,888.
Then at 9:30 last night, the analysis continued. Judging from the data, the interest rate cut is worth discussing, and the target is 53,000-54,000 again.
Have a nice day, he gave a short order for AU Dio, a friend said the next trade on the radar is LTC long, the target tonight is 56,000-58,000, PBI should save us, this is the last wave of bulls before the big drop, the rest of the time is calm, slightly bearish, the impulsive trend is over, shorts did not perform well on Wednesday, good vivi's point of view
