Hello everyone, I'm Gu Yue. It's been a long time. As the saying goes, "September is golden and October is silver." The cryptocurrency market is the same. September is about to be halfway through, and there will definitely be many opportunities in the cryptocurrency market in September, because the cryptocurrency market never lacks opportunities. There are often significant fluctuations within a month. The key is whether you can judge the direction correctly. So, let's first analyze the market trends and movements, and then make judgments on the subsequent trends.
The highest position in September was around 59,000, and the lowest position was around 52,500, a difference of over 6,000 points. Currently, the market is stable in the range of 54,000 to 55,000, with the bottom support position on the 4-hour chart at around 54,500. Without breaking through this level, it is difficult for the market to have an effective decline. On the hourly chart, 54,500 is at the support of the Bollinger Bands' midline. From the overall structural analysis, a bottom has been formed at $50,000. This position is the first bottom of the retracement in this year's bull market. From a long-term perspective, if this position does not break through, there will be another rise in the second half of the year. Today, it is advisable to enter the market when the hourly chart stabilizes at over 54,800.
Bitcoin midday suggestion:
Long at the 54,500-54,800 range, with a target of 56,800. Profit can be taken at your discretion.
Ethereum midday suggestion:
Long at the 2,280-2,290 range, with a target of 2,350-2,380. Profit can be taken at your discretion.
Life is long, and there are countless investment choices, but only a few steps are crucial. Different choices may determine different paths in our lives. I interpret world economic news, analyze global investment trends, provide daily market trend analysis, trading strategy guidance, and offer professional investment advice and services to help you reach the peak of financial management.
This article represents only personal opinions, is for reference only, and should not be used as a specific basis for operation. For more market analysis and strategy guidance, follow the WeChat public account: Gu Yue KOL.
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