Zhou Yanling: Anticipating a Rise after a Retreat on 9.16, Latest Trend Analysis and Operational Strategies Today
Recently, the market has been influenced by the same old news: 1. An imminent Fed rate cut; 2. The "sword hanging over" the US debt crisis; 3. The distant end of the war. All three major crises are inseparable from risk aversion sentiment, with the main focus still on risk aversion. This trend of risk aversion may continue for a long time. Therefore, caution must be exercised in recent operations to implement effective risk control measures. In unstable market conditions, it is advisable to adopt a wait-and-see approach. Moreover, the weekend news so far has been flat, so if there is no rapid rise after the early trading of the new week and the price does not break through 61000, then it is likely that the early week will still see range oscillation. It is expected that a new round of trend market in the cryptocurrency circle will only begin after the Fed interest rate decision.
Our model predicts that the trend this time is more likely to see a retreat before a rise, in order for the trend to be more stable. Currently, the market is a bit impatient, and a failure to retreat as expected will lead to a heavy burden on many trend buyers. This will result in a slow rise, but not a fall. Any slight market movement will prompt a hasty retreat, making operations more difficult. Therefore, it now depends on who has more patience. At this time, there is no need for me to say much about the technical aspect. The upper pressure should continue to focus on the positions of 61000 and 62000, while the lower support remains at 58500 as the watershed for long and short positions in this round.
Bitcoin Operational Strategy on 9.16:
- Short at 60500-60100, stop loss above 61000, target 58900-58500
- Long at 58500-58900, stop loss below 58100, target 59700-60200
Ethereum Operational Strategy on 9.16:
- Short at 2430-2400, stop loss above 2460, target 2360-2330
- Long at 2320-2350, stop loss below 2290, target 2390-2420
[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have lagging strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies.]
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations. For more real-time community guidance, de-risking consultations, and chart reading skills, please follow the author's WeChat account: Zhou Yanling to find the author.
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