Market laws, twists and turns, cycles of change, internal cultivation, external practice, the road ahead is long. 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. The success story of an investor is actually a history of learning and growth. It's a tough journey with beautiful scenery, but one must not forget their original intention to achieve success.
2024.9.1 BTC————————
Text content has been paused for a month. Although the free content is not updated in real time, real-time guidance has always been available. Returning to the market, after the monthly candle of Bitcoin closed with a bottoming out bearish candle, the price has been oscillating around the 58000 level for absorbing and processing. The weekly chart is also about to form a bearish engulfing pattern. In the overall bearish trend, the weekly candlestick trend and MACD volume have formed a bullish divergence pattern, and a rally may occur in mid-September. On the daily chart, the focus is on the resistance at the 59600 level. In the evening, it is advisable to place a pre-emptive short position around the 59600 level. On the 4-hour chart, the overall trend is maintained within the Bollinger downtrend channel. The upper resistance around 59000 should be noted, and there is no strict support below to refer to. After hitting the bottom at 57000, a rapid rebound occurred on the hourly chart, and the price has been maintained around the 57800 level. If the price breaks through and stabilizes above the 58400 level, it will definitely test the upper resistance. In summary, it is suggested to take a short position on the subsequent rebound of Bitcoin.
Pre-emptive order:
Short at 59000-59600, defend with 500 points, target above 700-900 points
(The strategy can only be used once, and the space can be arranged for the bagging)
2024.9.1 ETH————————
The overall bearish trend of Ethereum on the daily chart is very obvious. After encountering resistance at 2520, the price quickly declined. The key focus on the daily chart is still the resistance at the 2600 level. On the 4-hour chart, after the Bollinger Bands opened and declined, the MACD indicator started to run with reduced volume. Currently, the price is focused on the resistance at the 2510 level. On the hourly chart, the price is focused on the resistance range of 2480-2520, and subsequent short-term pre-emptive positions can be considered. In summary, it is suggested to take a short position on the subsequent rebound of Ethereum.
Pre-emptive order:
Short at 2480-2520, defend with 50 points, target above 60-100 points
(The strategy can only be used once, and the space can be arranged for the bagging)
This article is exclusively written by senior analyst Qin Chuan. He has been researching the investment fields of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive. He is recognized by many investment friends for his amiable and responsible personality and sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, please follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this carries its own risks, and one should be cautious when entering the market.
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