Warren Buffett: "If you are on the wrong road, running doesn't help." Li Hui advises that no matter how confident you are in the market, you should not over-leverage in futures trading. Risk control must be considered before profits. The decision to enter the long or short position should be based on whether the support/resistance level is broken. Avoid frequent trading, manage your position and desires, spend more time observing and waiting for opportunities, reduce the cost of trial and error, and increase self-discipline and confidence. Let everything be carefully planned, do not engage in unprepared battles, and do not play cards that cannot be taken back. Maintain good trading habits, guard against arrogance and impatience, and steadily make progress in order to achieve long-term profits in the industry. Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and a calm spirit to assist every coin trader in successfully obtaining valuable wealth and continuously realizing their own value in the coin circle! Wishing everyone financial freedom in 2024! Keep it up!
Li Hui's Bitcoin market analysis and trading recommendations for September 9th:
Although the long position for Bitcoin did not trigger yesterday, the accurate prediction of the high short position range of 54600-54900 still allows for a potential gain of over 900 points. Today, continue to focus on operating within the 4-hour channel without breaking.
The 1-hour Bollinger Bands channel has slightly expanded, with EMA60 continuously moving downward below the upper band, EMA30 remaining flat, and the candlestick touching the lower band in the early morning before rebounding to the current position above EMA30, but still failing to break through the EMA60 and upper band range. The DIF and DEA have been in a negative state, forming golden crosses and death crosses back and forth, with insufficient trading volume. The current trend is expected to continue oscillating within the channel.
In the 4-hour chart, after the Bollinger Bands channel ended its downward trend and narrowed, it has been running parallel since yesterday. The candlestick also rebounded from the lower band position near the middle band last night, and the MACD, while not showing strong volume above the 0 axis, continues to widen after the golden cross at a low level. The coin price will continue to oscillate upward, continuously testing the high point space, but EMA30 is continuously being suppressed and is expected to overlap with the upper band again. Therefore, short-term opportunities for opening short or long positions also need to pay attention to EMA30 and the upper band range, while continuing to focus on the lower band.
It is recommended to go long in the retracement range of 53200-53500, with a stop loss at 52800; target range is 54300-54800. If the range is broken, holding is possible at 54900-55300. For short positions, it is also necessary to pay attention to whether the range of 54900-55300 is broken for layout, with a stop loss at 55600; target range is 54350-53800.
Article review and publication may have delays, and the market is constantly changing. Specific entry opportunities should be combined with actual trading operations, and real-time notifications should be followed. The suggested entry points in the article are for reference only. When entering the market, please set up stop-loss and take-profit points and act according to the actual situation.
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying and furthering my education in the United States. For those who are not familiar with trading operations, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat Official Account: Zhang Li Hui) and does not represent any official position. The publication and review of the article may have delays, and the above points are for reference only. Trade at your own risk! May we always carry humility and courage in this complex and chaotic coin circle, fear no challenges, and dare to explore. Just as the road ahead is long, "the road ahead is long and far-reaching, I will seek and explore." May we read thousands of books, keep pace with the times, and draw wisdom. Travel thousands of miles, experience storms, witness scenery, and comprehend life. With Li Hui's guidance, may you seize opportunities and avoid pitfalls, and create value together. May we always remember the baptism of the market, not forget our original intentions, and move forward with determination. In the wave of digital currency, holding onto faith with Li Hui, let us forge ahead with determination. May we jointly create a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, live up to the prime of life, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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