Warren Buffett once said, "If you are on the wrong road, running doesn't help." Li Hui suggests that no matter how accurate your grasp of the market is, you should not over-leverage in contract trading. Risk control must come before profit. Entry decisions should be based on the breakthrough of support or resistance levels, avoiding frequent trading, and managing positions and profit expectations reasonably. Spend more time observing, patiently wait for the right opportunity to lower the cost of trial and error, enhance self-discipline and confidence, be prepared, and avoid blind operations. Maintaining good trading habits and steadily making progress is the key to long-term profitability in the market. Li Hui will continue to use professional knowledge to help every investor achieve wealth growth, and wishes everyone to achieve financial freedom in 2024. Keep it up!

September 19th, Li Hui: Bitcoin market analysis and operational suggestions:

Everyone can take a look at Li Hui's layout of the long position in the Bitcoin market at 59800-60100 range with light positions; reserve the 59200-58900 range for adding positions below, stop loss at 58700, and the target is to see the 60800-61700-62600 range. Adding positions at the lowest point yesterday, accurately predicting the triggering of the long position to above 62000. Although it fell a little short of the third target, it still captured more than 3000 points. Positions have been reduced and held, waiting for the market to break through again to take profit and exit.

Looking at Bitcoin, after reaching above 62500, it quickly formed a short-term retracement. Li Hui warned everyone not to chase after short positions, it's better to miss it and wait. Currently, the long position indicators are still strong, the daily chart's Bollinger Bands channel is open, the candlesticks have touched the upper rail, and the short-term indicators on the moving average are all in an upward trend, including the mid-rail, indicating that there is still room for upward movement. MACD is still increasing above the 0 axis, DIF and DEA have a golden cross and continue to move upwards, the fast line has broken through the position above the 0 axis without any intention of turning. Li Hui believes that the short-term long position will be further opened. However, if the market can provide a retracement opportunity, it would be the best. You can consider the layout in the EMA120-EAM60 range, and the position for adding positions can be considered at the intersection of EMA200 and EMA30.

Looking at the weekly Bollinger Bands channel, the candlesticks have just touched the mid-rail position, and the short-term moving averages also show a bullish trend. MACD continues to increase below the 0 axis, DIF is about to touch the 0 axis and turn with DEA forming a convergence, which is also a signal of the short-term long position change.

In summary, Li Hui suggests that it is still mainly a long position on retracement, do not counter-trend rush to place orders, and closely follow the major trend is the key opportunity.

Li Hui suggests light positions on the retracement at 60800-60400 range; reserve the 59100-59300 range for adding positions below, stop loss at 59000, and the target is to see the 61500-62400-63000 range. Breaking through 63100-63300 can continue to hold above 64000. The opportunity for short positions needs to be combined with actual changes in the market for layout, please operate with caution.

Article review and push may have delays, the market changes in an instant, specific entry opportunities need to be combined with actual trading for specific operations, real-time notifications prevail, the article's suggested points are for reference only, do not over-leverage, bring stop-loss and take-profit when entering, and take profits when the time is right!

I, Li Hui, interpret world economic news, analyze the global trend of the currency circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, welcome to comment and leave a message!

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This article is exclusively published by (WeChat public account: Zhang Lihui), for reference only, at your own risk. May we remain humble and brave in the complex currency circle, fear no challenges, and be brave to explore. Just as "The road ahead is long, I will seek and explore," I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and comprehend life.

With Li Hui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspirations. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose the future, sharing the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities.

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