Coin Circle Liying: 9.17 breakthrough, pullback, breakthrough again! The ultimate showdown between Ethereum and Bitcoin, who will prevail? Latest market analysis

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1 year ago

Coin Circle Liying: Analysis of the Latest Market Trends of Bitcoin and Ethereum on September 17

Article Release Time: 2024.9.17—00:05

Liying wishes everyone a happy Mid-Autumn Festival

First, let's take a look at the current price trend analysis of Bitcoin. From the current four-hour chart, the price near 60,000 has formed a resistance level. After several attempts to break through, the candlestick chart shows significant volatility, especially after the sharp rise on the 13th and 14th followed by a pullback. The MACD fast and slow lines are running below the zero axis, and the DIF and DEA are diverging downwards, indicating that the bears currently dominate. The RSI indicator is close to oversold, indicating limited downside potential, and the EMA short-term and medium-term moving averages are suppressing the price. The EMA120 is not far above the price, which may provide some support. The current trend of Bitcoin is bearish, but Liying suggests focusing on long positions after breaking the previous low and forming effective support.

Today's Liying Position Prediction:

Long position at 57,000, add at 56,000, stop loss at 55,500

Short position at 59,000, add at 60,000, stop loss at 60,500

Ethereum

Currently, the trend of Ethereum's market is bearish. Looking at the current four-hour price trend, the candlestick price is around 2400, showing a clear high point, then falling below 2300, forming a noticeable downward trend. It has oscillated multiple times within the 2280-2290 range, showing some support, but overall it remains in a downward channel. The four-hour MACD shows a death cross, with both DIF and DEA below the zero axis. The four-hour RSI is close to the oversold area, and the four-hour EMA trend indicator is diverging downwards. The short-term, medium-term, and long-term moving averages are all suppressing the price, but there are no clear signals of increased or decreased trading volume, indicating that the current bearish trend is likely a smokescreen.

Liying's Reference Positions: (For trial positions)

Long position at 2250, defend at 2200, stop loss at 2170

Short position at 2430, defend at 2460, stop loss at 2480

The above is Liying's brief analysis of the current market trends for reference by investors. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the glory of bull markets and the dimness of bear markets, accumulating numerous valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their position in this unpredictable market and embark on their own journey to success.

The content of the article is time-sensitive and is for reference only. All risks are assumed by the reader.

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