Market laws, twists and turns, cycles change, inner cultivation of the heart, external cultivation of actions, 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 lead to 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. Through hardships and beautiful scenery, do not forget the original intention, and you will eventually succeed.

2023.9.7 BTC——————

The daily chart of Bitcoin is in a downtrend channel, with the daily resistance at 26100. Although the MACD indicator on the chart is holding a bullish position, there is no significant trading volume, and the fast and slow lines are running close together. The KDJ is rising after a bottom golden cross. As long as the price stabilizes at 26100 to attract buying, one can consider shorting at 26900. In the short term, the price of Bitcoin is also in a downtrend channel, and the Bollinger Bands are gradually contracting, with the MACD volume shrinking and market sentiment not being active. When the KDJ on the four-hour chart rises after a bottom golden cross, the price only barely touches the psychological barrier of 26000. Taking into account the remaining time this week, it is suggested to focus on shorting during the rebound.

Pending orders:

Short at 26900-26700, defend 300 points, take profit at 500-800 points

2023.9.7 ETH———————

As Ethereum, the mainstream altcoin, does not have a leading bullish market, one can consider adjusting leverage based on Bitcoin's situation and choose a low-leverage large position to take advantage of the market. The overall trend on the daily chart is highly homogenized with Bitcoin, but the four-hour chart has entered the uptrend channel of Bollinger Bands. Intraday attention should be paid to the support level at 1620, and as long as the mainstream Bitcoin does not show a downward trend, one can try a small long position in the short term. In summary, although there is a certain demand for an intraday rise in Ethereum, it is still recommended to focus on shorting during the rebound.

Pending orders:

Long at the current price of 1630, take profit at 20 points

Short at 1707-1680, defend 30 points, take profit at over 50 points

This article is exclusively written by senior analyst Qin Chuan, who has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations and has solid theoretical knowledge and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. He is recognized by many investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlesticks, 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 is at your own risk. Investment carries risks, so be cautious when entering the market.

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