Market laws, twists and turns, cycles come and go, cultivating the inner self while practicing outwardly, the road to success is long and arduous. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable challenges; the success story of an investor is actually a story of learning and growth. Through hardships and beautiful scenery, one must not forget their original intentions to achieve lasting success.

2023.9.25 BTC——————

On the daily chart, the price of Bitcoin has entered a period of oscillation and decline. The MACD indicator shows a bullish trend with increasing volume, while the KDJ indicator shows a contraction and a turning point at the bottom. Attention should be paid to the selling pressure around 26200-26600. On the downside, focus on the Fibonacci retracement support at the 61.8% level, around 25870. In the short term, the four-hour chart shows a downward trend in the Bollinger Bands, with the MACD showing a second increase in bearish volume and the KDJ indicator tightening at the bottom again. Subsequently, expect short-term oscillation and upward trend to absorb funds, and pay attention to the resistance around 26400. In summary, it is suggested to short on the rebound in the future.

Pending order

Short at 26400-26600, with a 300-point defense, targeting 500-600 points.

2023.9.25 ETH———————

The downward trend of Ethereum on the daily chart is gradually expanding. Without a strong foothold in the support, Ethereum will not see a positive upward trend, as mentioned before. On the daily chart, the first resistance level to watch is at 1598, and the second resistance level is at 1630. On the short-term four-hour chart, the Bollinger Bands show a widening gap, the MACD indicates a significant decrease in volume, and the KDJ is running below 50 in a sticky manner. Overall, it is suggested to focus on shorting the rebound.

Pending order

Short at 1590-1620, with a 30-point defense, targeting over 50 points.

This article is exclusively authored by senior analyst Qin Chuan. For more market information, follow the public account: Zhao Qin Chuan

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operations based on this analysis are at your own risk. Investment carries risks, so market entry should be cautious.

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