9.13 Bitcoin and Ethereum Morning Market Analysis and Trading Suggestions

CN
12 hours ago

Morning Analysis: From the 4-hour chart, Bitcoin showed a clear upward trend yesterday. Although it faced resistance at the 116300 pressure point and fell back with a long upper shadow, after a short-term downward consolidation, it broke through the key level of 116300 again in the early morning, demonstrating strong bullish momentum. In the short term, if this bullish momentum continues, the price is expected to further challenge the 117500 level. The short-term support to watch is around 114600-114800.

Ethereum, from the 1-hour chart, shows a strong one-sided upward trend, with the price gradually rising from around 4500 to near 4750, with continuous higher highs. The daily level shows a large bullish candle breaking out on September 12, forming a strong rebound, and is currently in a high-level consolidation phase. The MACD continues to show increasing red bars, with the fast and slow lines diverging upwards. Although the golden cross continues with red bars, there are signs of shortening, and the KDJ shows a downward turn, indicating a short-term prediction of a pullback.

Trading Suggestions: For Bitcoin, consider shorting near 116300, with a stop loss at 117200 and a target around 115000-114600. If it breaks down, look for 113500-114000; if it doesn't break, consider going long.

For Ethereum, consider shorting near the current price of 4700-4720, with a stop loss at 4750 and a target around 4630-4610. If it breaks down, look for 4550-4570; if it doesn't break, consider going long.

These strategies are for reference only; please invest cautiously and secure profits. (Follow Dan on WeChat: Ethereum Kai)

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