Technical Analysis Monday, September 16, 2024
BTC
1. There was no significant fluctuation after the opening of the US stock index futures. The Nasdaq futures opened slightly lower and then fluctuated slightly around the opening price. The pullback of the rock sugar orange is a normal fluctuation of the technical pullback.
2. After completing the five waves of the rise in 4 hours, the ABC three-wave adjustment was carried out. The lowest pullback target position of the C wave 58175 has been reached. This position is also in the area of the rising trend line. It may rebound at any time in the support area, and even continue this round of rebound. Falling below 57400 is a necessary condition for the end of this round of rebound.
Prediction: Bullish during the day, it is recommended to go long when the support range forms a bullish pattern, and the stop loss is set below 57400. Support range: 58200~57800 (Daily Bollinger middle track)
