Insights on Bitcoin's evening market on Monday, September 16

Since the early morning decline to the 58,100 area, Bitcoin has also given nearly 1,000 points of rebound space. After rising to the 59,150 line, the price fell again, with the target running in the 58,500 area. After a rebound in the afternoon, the intraday long orders slightly closed at 500 iodine. For the intraday rhythm, the overall fluctuation is not large, with more than 1,000 points of fluctuations back and forth, and the decline cannot continue to break, and the main structure is still bullish.

From the 4-hour line, from last Thursday to now, on the one hand, there are very few negative lines, and even if they appear, they are single negative lines. In addition, the entity of a single negative line is very small, and the retracement is not strong. The overall trend is extremely strong. Combined with the hourly line, the intraday volatility is not too large, and the time for space release and continued rise is mostly in the US and European markets. Correction is a good time to enter the market. Therefore, in the current strong pattern, the low point is gradually rising, so don't expect too low a position. The smaller the retracement, the greater the upward momentum, which is also the trend feature of recent trading days.

On Monday night, it is recommended to buy Bitcoin around 58300-58000, and the target is 59500-60500.

On Monday night, it is recommended to buy Ethereum at 2280-2260, and the target is 2380-2450.

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