September 10th, the market bottomed out and traded narrowly. Will the bearish trend continue?

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金伦说
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2 years ago

Track real-time hotspots in the currency circle and seize trading opportunities during the trading day!

Hello everyone, I am Jin Lun, with 8 years of experience in the market, specializing in interpreting market news, real-time layout trading for the short and medium term, precise control of positions, and stable returns! The trading principles are to seize entry opportunities, conduct good technical analysis, know when to stop, take timely action, be prepared for the future, and prevent problems before they arise. Real-time market watching, online guidance, with the help of Jin Lun, you will understand the currency circle better and achieve a win-win situation for flipping positions! - Jin Lun

Follow the "Jin Lun Says" official account: Trading is an investment in value, and selection, timing, analysis, cycle, and patience are all indispensable. Do not let temporary losses affect the correct judgment of the overall trend, and do not let short-term gains or losses affect your trading mentality. Keep a calm attitude, follow the trend, and everyone can be a king in the currency circle!

Review: Recently, the bearish strategy provided by Jin Lun for the high positions has been in line with the expected market trend based on the market situation. The focus for Bitcoin is also on the range of 26,100-26,300 points, and for Ethereum, it is between 1,640-1,660 points. After the market started to rise on Friday afternoon, it continued to decline. The bulls were short-lived, and the market range came to 25,600-26,100 points for Bitcoin and 1,610-1,640 points for Ethereum. The range-bound market fluctuations will not affect the overall trend. The market continues to accumulate at the bottom, and the bears should continue to pay attention to the breakthrough of 1,610 points, while Bitcoin should focus on the breakthrough of 25,600 points. The weekly MA60 moving average is still struggling to support below, and the trend still chooses to maintain the main bearish market strategy!

BTC: It is recommended to continue shorting at 26,100-26,300 points, with risk control at 26,800 points and a target near 25,300 points.

ETH: It is recommended to short at 1,640-1,650 points, with risk control at 1,685 points and a target near 1,580 points.

Main currency pair recommendations: BTC/ETH contracts

Trading style: Follow the trend, box trading strategy.

The strategy is for reference only. The currency market is risky, and investment needs to be cautious!

Official account QR code:

Friendly reminder: The WeChat official account at the end of the article is created by the author himself!

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