Mr. Coin in the Coin Circle: 9.16 Bitcoin (BTC) Market Analysis Reference
Bitcoin broke through the 60,000 mark and did not stabilize, but did not break through the previous high, and the morning market also ushered in a correction. Moreover, the short-term trend broke out of the strong downward trend, and the low position retreated to around 58700 before rebounding. The current price is running at 59100. Compared with the callback of more than 1,000 points, the current rebound strength is not strong. At present, Mr. Coin’s real warehouse students are holding short orders near 60300, so it is not recommended to blindly chase more operations, and beware of the market retreating to support again.
From the short-term 4-hour chart, the Bollinger Bands are in a closing posture. The price rebounded many times but failed to break through the 60,000 line to stabilize. The subsequent fall below the middle track position is weak, and the 5-day and 10-day moving averages are hooked downward to put pressure. The MACD fast and slow lines are gradually approaching and have a trend of dead cross. The bar chart turns from positive to negative. The short-term EMA7 has fallen below the medium-term EMA30 and is close to the long-term EMA120. If it continues to fall, it will confirm a stronger downward trend. There are many resistances above. If it cannot break through one by one in the future, the price may fall. Focus on the 57000 line starting position in the future. If the market correction does not fall below this area, the upward trend will not change. On the contrary, the downward space is opened. The operation is mainly based on the other party's callback to the low position, and the high position is short and light position operation.
9.16 Bitcoin short-term reference:
Long order, 58100-58600 range long, defense 57200 replenishment, stop loss 300 points, target above 59500,
Long order 57100-57400 range long, target above 58500, stop loss 300 points,
Short order, 60200-60500 range short, target below 59500, defense 61500 replenishment, stop loss 62000
(Radicals can rebound 59500-59300) interval light position to try short,
9.16 Ethereum short-term reference:
Short order: 2 400-2381 short, defense 2500 cover, stop loss: 2540 target below 2340,
For long orders, pay attention to the situation of 2300 breaking the position in the 2200-2230 range, stop loss 50 points, target above 2320,
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag
