Bitcoin, Ethereum trend analysis


The article from the day before yesterday analyzed that Bitcoin could be positioned for a long order in the range of 108000 to 106000. It also mentioned that Bitcoin would have a second pullback near 107300, and last night Bitcoin pulled back near 107300, then strongly rebounded to 110000, a strong rebound of 3000 points. The analysis indicated that 110500 is the dividing line between long and short positions, and this rebound just happened to reach 110500. Therefore, my analysis is logical and based on evidence, not just spoken casually.
The interest rate cut in mid-September is coming soon, and the recent consolidation is unavoidable. Bitcoin is still looking for support in the range of 108000 to 106000. Currently, Bitcoin is receiving effective support around 107200, and it's fine to set the stop-loss for long positions at 107000. If it breaks below that, a strict stop-loss should be implemented, but there's no need to worry too much until it breaks below. The resistance for Bitcoin's rebound is seen around 110500, 112600, 113400, and 114500. If Bitcoin doesn't drop below approximately 109000 today, it will continue to rise. Another point to note is Bitcoin's trading volume; the trading volume for Bitcoin has not been large in recent days, and when the trading volume increases, long positions can be taken.
Ether has just dropped to the support level around 4210, which is quite precise. After falling to 4200, it has rebounded by 200 points. A strong rebound usually occurs only after reaching a significant support level. Therefore, for Ether's long positions, the stop loss can be set around 4200. As long as it doesn't break below this level, there is still an opportunity for long positions, and those who are currently in a loss have a chance to break even.
The support below Ether is around 4210, 4160, and 4050.
The upper pressure is seen around 4435 to 4495.
September is the golden month, the month of harvest, with an increase in people's income and a boost in consumption enthusiasm. Therefore, everyone says "golden September, silver October." Moreover, with the favorable interest rate cut in September, let's wait for a new round of rise! #九月份加密市场能否突破
ETH0,13%
BTC-0,02%
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