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Cryptocurrency Academician: Bitcoin Cash (BCH) Market Analysis on September 19, 2024

Current Market Overview: On the 19th, the daily K-line of BCH showed a trend of oscillating upward, with the closing price significantly higher than the previous days. A small pullback occurred recently (from the 15th to the 18th), followed by a rapid rebound, indicating the resilience of the market.

Technical Indicator Analysis: The MACD indicator currently shows that the DIF and DEA are gradually approaching, forming a golden cross sign, implying that the bullish momentum is strengthening. The MACD histogram has turned from negative to positive, further confirming the potential of the bullish market. The EMA moving average is currently above the EMA7 and EMA30, but below the EMA120. The short-term moving average is turning upward, while the medium and long-term moving averages still show a downward trend.

Four-Hour Trend Analysis: On the four-hour K-line chart, the price trend shows a clear upward trend. The MACD indicator is currently showing a golden cross above the 0 axis, indicating a strong bullish market. The current price of 343.02 is far above all EMA moving averages, showing a strong upward trend. The distance between EMA7 and EMA30, EMA120 is gradually widening, further confirming the effectiveness of the upward trend.

Based on the above analysis, the BCH market shows an upward trend in the short term, and it is recommended that investors pay attention to market dynamics and adjust their strategies in a timely manner.

Buy/Sell Point Suggestions:

Long strategy entry point: 330 Defense point: 320 Stop-loss point: 315

Short strategy entry point: 360 Defense point: 370 Stop-loss point: 375

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. All risks are at your own.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. The views and suggestions on BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Reprinting should indicate the source. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment journey!

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