Mr. Coin in the currency circle: Bitcoin and Ethereum's latest market analysis as of 9.20, with operational strategies attached.

CN
1 year ago

The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there is no need to be too anxious. Even if there is a short-term loss, there is nothing to fear as long as the subsequent direction is chosen correctly. The lost will eventually return. However, it is important to pay attention to the timing of trading and the current market trends in order to increase the winning rate. At the same time, investment is a process of growth. Mr. Coin suggests that everyone should learn while operating, summarize the gains and losses in a timely manner, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.

Mr. Coin's BTC Market Analysis on September 20th:

The Bitcoin market continues to show strong upward movement, with a unilateral increase of nearly 2000 points intraday, reaching the area above 63850. The upward momentum has come to an end, and it is currently undergoing a slight retracement into a high-level consolidation. If the 63000 level cannot be broken through, there is a possibility of further increase in the rise.

Looking at the daily chart, there was a large bullish candlestick yesterday, with three consecutive bullish trends in the market, opening up the upper gap of the Bollinger Bands. Looking at the MACD daily chart, both the fast and slow lines are moving upward, with the fast line running above the zero axis and the slow line approaching the zero axis. The RSI is approaching the overbought zone, indicating that there is still some room for upward movement in the short term. The current market trend is still biased towards upward movement, but the supply is insufficient in the future. Pressure appeared near 63850, and the price retraced to around 63400. The overall upward momentum has weakened, but the general direction remains unchanged. The short-term trend is in a retracement and consolidation phase. It is still prudent to go long on the retracement for intraday operations. If the upward trend is broken, a light position can be entered to capture short-term gains.

Short-term BTC Reference on September 20th: For more real-time single strategies, online technical learning, and unwinding, please follow the mentor's official account (Mr. Coin) to obtain the method: The first ten people each day can receive free unwinding strategies.

Long position: Long in the 62100-62500 range, defend at 61000, stop loss at 60500, target above 62300.

For aggressive long positions, enter a light position in the 63000-63300 range, with a target above 64300.

Short position: Short in the 65000-65500 range, target below 64500, defend at 66900, stop loss at 300.

Short-term Ethereum Reference on September 20th:

Short position: Short in the 2520-2561 range, defend at 2650, stop loss at 2680, target below 2450.

Long position: Focus on the 2450-2430 range, stop loss at 50 points, target above 2490.

There is a delay in the article delivery, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how confident you are in judging the market, be sure to set your profit and stop-loss points. It is important to secure your gains.

For more real-time singles, follow the official account to obtain the method. You can also learn online market technical analysis and unwinding. I have studied the market for many years, analyzed the major trends in the cryptocurrency market, and have provided guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively written and shared by Mr. Coin. It represents Mr. Coin's exclusive viewpoint. There is a delay in the article delivery, and the risk is self-assumed. It is important to control your positions reasonably and avoid heavy or full positions. Mr. Coin hopes that all fans and friends can achieve financial freedom together and move forward together. In the depths of time, hold onto understanding. In investment, one must learn to be optimistic. Do not let the future you dislike the present you. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come faster! Take good care of yourself, prepare yourself at any time, and keep going!

  • This article is written by Mr. Coin, and plagiarism is rejected. Respect originality!

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