Daily Report on September 14th: BTC: Weekend volatility, waiting for the appearance of the top?

CN
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2 months ago

The daily line has reached the trend moving resistance at 60500, which is currently a critical position. It is very likely to spike upwards, and it may not fall so quickly in the short term. It is estimated that we will have to wait until next week. Moreover, this position is considered to be in the middle of a flag pattern. In general, it is not advisable to trade in this kind of position in the middle. It is prudent to continue to observe.

The medium-term upward trend line has not been broken for the time being, and there is currently no topping structure. Everything is still uncertain. There may be a structure coming out this weekend, so we need to wait patiently.

Strategy: Observe

Idea: Long at low

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