Technology is becoming simpler, and the mindset is gradually becoming simpler. Now is the time to wait, to dare to pursue, to dare to stop loss, and to make a profit. The process of implementing the rules of the currency market is also a process of convincing oneself, constantly persuading oneself to become better. The cultivation of human nature begins with stop-loss and take-profit. Willing to accept losses and confidently win. Making trades is a process of solving various psychological barriers brought by investment and reshaping one's behavior.

Market Review:

Bitcoin has been continuously rising in the recent trend, and last night it directly stabilized above the 27,000 level, reaching as high as around 27,400 before coming under pressure and falling back. There was also a certain amount of retracement in the early morning, and the upward momentum has not been sustained. Eventually, it fell back below 27,000. Therefore, in terms of operation, one can consider a strategy of shorting at high levels and longing at low levels. For those who are uncertain about entry points, they can follow Jiu Ge's analysis. Next, let's take a look at the market situation.

Market Analysis:

From the perspective of the daily chart structure, although there were two consecutive bearish days over the weekend, these two small bearish candles are not significant in the face of the bulls. On Monday, the trend continued from last week, with a push higher followed by a pullback, closing with a bullish candlestick. Although the bullish sentiment is currently high, there is no clear one-sided trend from an overall perspective. From a technical structure perspective, the four-hour chart shows that the Bollinger Bands are in an open state, with the K-line rebounding after touching the lower support, and the continuous large bullish candles also broke through a recent high point. However, the market did not stabilize effectively and continue, but instead came under pressure and fell back, with a large bearish candle directly engulfing all previous gains, leading to a weak trend. From the attached chart indicators, the MACD lines crossed downwards, and the bulls clearly operated with reduced volume. In the short term, the continuation of the bearish trend is more favorable, and the KDJ three lines also crossed downwards, indicating that there is still some room below. On the hourly level, as the strong rebound in prices affects the overall operating channel, a narrowing trend is gradually emerging, and the price is currently oscillating and consolidating around the middle and lower bands. After the sustained increase in bearish volume, the moving averages also show a clear downward trend. Based on the above analysis, we only need to follow the trend of the market and short at high levels!

Trading Suggestions: (Published on: 2023.9.19 10:30)

BTC: Short at 26,900-27,200 range, target 26,400-25,900 (Long if it does not break 25,800)

ETH: Short at 1,670-1,650 range, target 1,620-1,590 (Long if it does not break 1,580)

Disclaimer:

The market changes rapidly, and the market fluctuates quickly. Personal opinions and suggestions are not real-time and are for reference only. If there are no entry points, stay out of the market and wait. For those who are uncertain about entry points, they can follow the public account below to get real-time entry points based on the market situation.

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