Crypto Circle Academician: On September 27, the bearish sentiment is strong. Can the bulls turn the tide? Latest market analysis and trading suggestions for Bitcoin and Ethereum.

CN
2 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 109,500. It is now 1:30 AM Beijing time. Before this article was published, the daily K-line reached a high of 109,900. Exiting at 109,000 was the perfect move. The main force has been blocked at key support for two consecutive days, indicating that the 0.382 Fibonacci retracement level is effective. The main force has also returned to the Bollinger Bands channel, with the lower band now acting as a support point at 109,200. The four-hour K-line variables show bullish indicators in the short-term cycle. Therefore, holding above 108,800 is valid. The short-term trend indicators have alternated downwards, signaling the end of the sharp decline. What remains is a low-level consolidation. The MACD shows a decrease in volume and multiple bottom divergences, indicating several attempts to test the bottom. Pay attention to the short-term resistance level at the 110,000 mark. As long as the main force breaks 110,000, the bulls can continue to hold. The current market is not suitable for shorting. If you want to short, it is recommended to pay attention to the key resistance level around 111,000 and decide after the market reaches that point.

Short-term reference:

For upward movement, reference 109,000 to 108,500, with a stop-loss at 108,000, risking 500 points, targeting 110,000 to 110,500, and breaking through to 111,000.

For downward movement, reference 111,000 to 111,500, with a stop-loss at 112,000, risking 500 points, targeting 110,500 to 110,000, and breaking through to 109,000.

Ethereum (ETH)

The current price of Ethereum is 4,025. It is now 1:30 AM Beijing time. Before this article was published, the main force of Ethereum returned above 4,000. The entry point suggested yesterday was 3,965, and exiting at 3,825 was a perfect finish. The upward movement missed the opportunity by 20 points at 3,800. Now the market has returned to the Bollinger Bands channel, with the lower band at 3,955. The resistance levels to watch are the EMA60 and the intersection of the Fibonacci levels at 4,115 and 4,150. The four-hour K-line has broken the trend resistance level EMA15 at 4,015, and the MACD has shown a golden cross, indicating a valid short-term pullback. Pay attention to the next resistance level at 4,110. If you missed the upward movement, consider looking for opportunities to short at the resistance level. Aggressive traders can try to short at the current 4,020, but be sure to set a stop-loss and manage risk. Stay prepared with a red heart and two hands.

Short-term reference: Always set a stop-loss; safety first.

For downward movement, reference 4,100 to 4,125, with a stop-loss at 4,155, risking 40 points, targeting 4,050 to 4,000, and breaking through to 3,950 to 3,900.

For upward movement, reference 3,820 to 3,780, with a stop-loss at 3,740, risking 50 points, targeting 3,860 to 3,910, and breaking through to 3,960 to 4,010.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article, so the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the crypto circle academician and represents the unique views of the academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The crypto circle academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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