9.16 Zhang Lihui: Bitcoin Market Analysis and Operation Suggestions:
The weekend market is moving slowly. The opportunity to enter the 59500-59300 range set yesterday has not yet materialized. The current market continues to experience a pullback. Patience is advised as the Bollinger Bands on the 4-hour chart continue to trend upwards, with the lower and middle bands rising. The EMA30 is also steadily increasing. The buy-in point set at 58700-58400 yesterday may need to be adjusted higher. Specific operations will depend on the extent of the market decline. The target range of 60000-60400 set yesterday remains unchanged. Breaking through 60500-60800 could lead to a position near 61600, which remains unchanged.
Now, let's share some insights on Ethereum:
The short position at 2450 for Ethereum from the previous day is still being held. Lihui has advised everyone to reduce their positions and take profits in the 2350-2330 range and exit. Looking at the 1-hour chart, the Bollinger Bands have changed from yesterday's oscillation, with the channel opening up. The downward breakthrough of EMA160 and EMA200, along with continued increasing volume below the 0 axis, indicates a continued divergence between DIF and DEA, suggesting a downward trend.
The 4-hour Bollinger Bands channel for Ethereum is also showing a different performance from Bitcoin, as it has started to contract. The downward breakthrough of EMA30 and the middle band is observed in the candlestick chart, but the lower band continues to rise. Therefore, a light long position can be considered at this level, while waiting for the daily EMA30 to continue to turn around. However, the bullish momentum for Ethereum is not very strong, and it is expected that any pullback will be relatively slow.
Lihui suggests a light long position in the 2310-2340 pullback range for Ethereum, with a reserve for additional buy-ins in the 2250-2230 range, a stop loss at 2210, and a target range of 2390-2440. Breaking through 2450-2470 could lead to a position near 2520.
It is also important to pay attention to the 2450-2470 range for short positions. If it does not break, continue to enter, with a target of 2380-2330.
Article reviews may be delayed, and the market is constantly changing. Specific entry opportunities should be combined with actual trading operations. Real-time notifications should be followed, and the suggested points in the article are for reference only. Avoid heavy positions, and always set stop-loss and take-profit levels when entering the market.
I, Lihui, interpret world economic news and analyze the overall trends in the global cryptocurrency market. During my advanced studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading operations, feel free to comment and leave a message!
Scan the QR code below to follow the author and get more real-time strategies!
Friendly reminder: The content above is created by the author's official account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully. Thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
