Market analysis on September 16th: Bitcoin falls as expected, focus on the watershed between long and short positions.

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丁君羡
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3 months ago

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BTC: After Bitcoin fluctuated above 60,000 over the weekend, the price also retraced this morning. The previous short position also successfully made a profit. At present, in the short term, although it is trending downward, the key support level is around 57,500. If the daily candlestick cannot effectively break through this level in the future, a one-way bearish trend will not emerge.

ETH: Looking at the daily chart, three consecutive bearish candlesticks indicate that Ethereum is very weak. Pay attention to the resistance level near 2355. If it is not broken through, the price will continue to decline.

For more explanations, please watch the video patiently. If you have any questions, you can follow the public account: 丁君羡

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