Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.14 Bitcoin (BTC) Market Analysis Reference

Bitcoin has tested the support level of 115,000 several times without breaking it, and the subsequent rebound has also tested the upper level of 116,000. In the early hours of the day, it touched the 115,000 level again and rebounded. The current price is once again approaching the 116,000 level, and price fluctuations are gradually stabilizing. However, the recent price movements have been quite volatile, so I hope all cryptocurrency friends will manage their risks well.

On the short-term hourly chart, the Bollinger Bands are opening up, and the price is operating in the middle to upper band area. The 4-hour level has shown consecutive bearish candles in a pullback but has not broken the previous low of 115,127, forming a potential double bottom structure. On the daily level, after confirming the support at 114,740 with a long lower shadow bullish candle on September 12, it has closed bullish for three consecutive days, forming a Rising Three Methods pattern. MACD: The 4-hour level's DIF has crossed below the DEA, forming a death cross, but the daily level's golden cross is expanding, showing a divergence signal. EMA: The price is stabilizing above EMA30 (114,402), and EMA7 (115,787) is about to cross above EMA30, forming a golden cross. It is recommended to focus on long positions during pullbacks.

9.14 Bitcoin Short-term Reference:

Short position entry point 115,500-114,500, stop loss at 117,200, target below 113,500.

Long position entry point 111,000-111,900, stop loss at 500, defend at 109,000, target above 112,500.

9.14 Ethereum (ETH) Market Analysis Reference

Ethereum's price experienced a pullback in the evening, but the upward trend has not changed. Yesterday, there was a slight reversal, and the market showed a strong rebound, quickly recovering previous losses, with the high approaching the 4,769 level. The intraday rebound is still ongoing, but the upward momentum is not strong, and the high is slowly moving up. Therefore, it is recommended to focus on long positions during pullbacks and not to blindly chase after the market.

On the short-term hourly chart, the Bollinger Bands are opening up, and the price is operating in the middle to upper band area, with bullish sentiment prevailing. The market is leaning towards an upward trend. From recent movements, it can be seen that as long as the overall market stabilizes, Ethereum will definitely move upward. Therefore, the short-term strategy is to operate in line with the trend, and it is not recommended to enter short positions for now. The support below is around the 4,580 level. If it breaks above the 4,800 level, the expected increase will continue, and the market is likely to test upward again. Therefore, if it breaks the intraday high, it is suggested to seize a short-term profit opportunity, with a conservative take profit target of around 30 points.

9.14 Ethereum Short-term Reference:

Short position entry point 4,830-4,760, stop loss at 30 points, target below 4,720.

Long position entry point 4,521-4,571, stop loss at 30 points, target above 4,630.

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