Market analysis on September 18th: Bitcoin continued the 4-hour rebound, short-term attention to the early morning interest rate cut situation.

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1 year ago

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Yesterday, Bitcoin's 1-hour rebound directly broke through 60500, reaching a high of 61320. The 4-hour rebound extended, ultimately reaching the previously hoped for range of 61000-62000. In the short term, there is still hope for another 15-minute rebound, with a focus on the interest rate meeting in the early morning, as the short-term trend may be affected by the news.

We still need to focus on 63000. If it breaks through strongly, Bitcoin may directly surge to 65000, forming a daily rebound structure. If Bitcoin cannot break through in the short term, we should consider the possibility of a 4-hour pullback to around 55000.

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BTC

Due to the rapid changes in the market, this article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes, using this information as a reference only.

1H:

BTC 1H

Bitcoin started a 4-hour rebound from 52550, and has now completed 5 waves internally. In the short term, it has built a 1-hour consolidation and extended upwards. The rebound from the 1-hour consolidation starting at 59493 yesterday may not have ended yet, and there is still a possibility of another push upwards to 61500-62000.

The main focus is on the impact of the early morning Fed interest rate decision meeting on the short-term. Under normal circumstances, there may be one more push before a 4-hour pullback, unrelated to the news. However, we need to pay attention to the possibility of a special positive development in the short term, leading to a significant increase in price, breaking through 63000. In that case, the overall 4-hour rebound may not end temporarily and could possibly break through 65000.

However, if there is no positive stimulus in the early morning and the market performance is average, then in the short term, it should follow the normal course and form a 4-hour pullback.

15M:

BTC 15M

On the 15-minute level, it is observed whether a 15-minute consolidation is formed before another push to 61500. If this happens, the overall 4-hour rebound is likely to end, provided there is no special positive development leading to a sharp break through 63000 in the short term.

ETH

ETH

For Ethereum, on the 15-minute level, it is observed whether there will be another 15-minute rebound towards 2400. If Ethereum fails to rise above 2415, it will still need to form a 4-hour rebound, breaking through 2415 again, to consider the short-term 4-hour rebound continuing upwards.

Trend Direction

Weekly Level: Downward, the downward trend on the weekly chart may have reached around 49000, with a potential range of 45000-48000. Whether it has ended needs further observation.

Daily Level: Upward, watching whether the 49000 level will be broken.

4-hour Level: Upward, the 4-hour rebound has extended, with a focus on the important resistance at 63000. If it does not break through, there is still a short-term need for a 4-hour pullback.

1-hour Level: Upward, there is still a possibility of another push in the short term.

15-minute Level: Upward, short-term focus on 61500.

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The article is time-sensitive, pay attention to the risks. The views in the article are personal opinions and are for reference only!

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