【Director】Analysis of the market on September 23rd: bide one's time, be cautious, and be prepared for potential risks. The structure of the 1-hour chart of Bitcoin is expected to undergo a third decli

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1 year ago

Market Sentiment:

 

Chart Analysis:

Bitcoin (BTC):

 

The structure of BTC on the 1-hour chart is still in a period of central oscillation. However, it appears to be a process of the 1-hour MACD retracing to the 0 axis. Subsequently, there will be a downward movement on the 1-hour chart. The intensity of the third 1-hour decline will determine the likelihood of reaching the previous low point and forming a 1-hour bullish divergence. At that time, there will be a 1-hour rebound, but the height of the rebound is not expected to be significant, as shown in the chart.

 

The structure of BTC on the 15-minute chart currently shows no clear direction and is oscillating within the central range. If it moves upward, it will be an extension of the second 1-hour movement shown in the first image. There will be a third 1-hour decline to follow. If it moves directly downward, it may indicate a departure from the current trend. Patience is advised.

Ethereum (ETH):

 

The structure of ETH on the 1-hour chart is similar to BTC, as it has also retraced to the 0 axis. If it fails to move upward, the probability of a downward movement will gradually increase. Short-term risk awareness is necessary, as ETH continues to exhibit significant weakness. There are currently no signs of independent market trends.

Trading Strategy:

Exercise caution when investing. This article should not be used as a basis for trading decisions.

Market conditions change rapidly, and many cannot be promptly alerted. It is difficult to explain market changes clearly in real time, so you can follow my public account.

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