Analysis and Operation of BTC-ETH Market on September 9th

CN
2 years ago

Market Review:

The market opened high and closed low yesterday. In the early hours of yesterday morning, it failed to stabilize around 26400 after a surge, instead falling back and continuing the range-bound volatility. The market continued to fluctuate until the evening when there was a surge in short selling volume, causing a drop to around 25600. Currently, the overall market is still operating within the range-bound volatility and is now running near 25800.

Market Analysis:

Looking at the four-hour chart, the Bollinger Bands are in an open state, and the market is running near the middle track. The hourly chart shows a shrinking volume of short selling, with the KDJ golden cross diverging upwards. The rhythm indicates a bullish trend, but the recent range-bound market is expected to continue. Additionally, with smaller fluctuations expected over the weekend, it is advisable to maintain a strategy of high short and low long positions for the day.

Trading Suggestions:

BTC Pullback: Look for long positions near 25600 with a target near 26200. If the level is broken, look for 26500; if not, switch to short positions. Stop loss at 300 points.

ETH Pullback: Look for long positions near 1625 with a target near 1650. If the level is broken, hold the position; if not, switch to short positions. Stop loss at 20 points.

The above suggestions are personal opinions and are for reference only.

Risk Warning and Disclaimer: The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual readers' specific investment objectives, financial situations, or needs. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Responsibility lies with the individual for any investment based on this information. (For friends who are still confused about operations, you may want to take a look at the strategies provided. Real-time guidance for 24 hours, as market volatility is fast. Due to the impact of timeliness during review, real-time layout based on actual trading is the main consideration for the subsequent market trends. Coin friends in need of contract guidance can scan the QR code at the bottom of the article to add my public account.)

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