September 1st Airborne: Bitcoin long and short alternates, waiting for the range to be broken

Review of yesterday's market trends and technical points:

Yesterday, it was explained that with the resistance below 60,000, the rebound was mainly bearish. As mentioned earlier, the successful connection at 59,500 reached the target accurately. Due to the small fluctuations in the market at the end of this week, it is expected that after the bearish adjustment in the market next week, it will return to a strong bullish rise. The current entry point is not ideal, it is in a neutral position, encountering interval oscillations and adjustments, waiting for the end of the brewing to break out of the oscillation dilemma, and make the next adjustment next week.

BTC/Daily Chart

On the daily level of Bitcoin, there is not much to look at this weekend. Today, the main analysis content for next Monday is as follows: The support at the low point of the previous two days, 57,700, is still in a state of overall resistance to falling, and the corresponding MACD bearish energy has not been exhausted. It is expected that the downward space next week will not be too large. The key points to focus on are the short-term support at 57,700, followed by around 56,000. The clear direction in the future needs to wait for the exhaustion of the bearish indicators next week. It is nothing more than the length of the adjustment time, and ultimately it will return to a strong one-way rise. We can only wait patiently.

BTC/4H Chart

On the 4-hour level of Bitcoin, the reference strategies given in the past few days are basically the same. Still pay attention to the resistance above 60,000, which also conforms to the current bearish prediction. The trend resistance line is very obvious, and the small double bottom support is also obvious. The 57,700 below is also the top and bottom conversion of the previous low, which will be the focus in the future. If the two points above and below cannot be effectively broken, we can only wait for the news stimulation next week to break out of the dilemma.

Strategy 1: It is recommended to go long with a light position at 57,700-57,200, stop loss at 56,500, and target around 59,500-60,000.

Strategy 2: It is recommended to go short with a light position at 60,000-59,500, stop loss at 60,500, and target around 58,000-57,700. If the support is broken, it can be held.

The above is personal advice, for reference only. Investment involves risks, and trading should be cautious.

There is a delay in publishing, and the market changes rapidly. The points mentioned in the article do not serve as a basis for following orders. For more information on the market and resolving orders, refer to real-time strategies for short and long positions.

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This article is original by Band Airborne, with over ten years of investment experience, having handled funds at the level of tens of millions, familiar with the operation of main funds, washing and absorbing chips, and raising methods. It can grasp the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. Proficient in judging and analyzing the trend of the overall market, and knowledgeable in various candlestick technical tactics, with deep insights into wave theory, form theory, and index theory. Learn technical market exchange and scan and follow the public account above

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