September 3rd Airborne: Analysis of the price trend of Bitcoin's intraday market and the latest operational suggestions

Review of yesterday's market trend and technical points:

Regarding Bitcoin, the plan yesterday was to use 57700~57200 as support, continue to oscillate and test for stability and bullish rebound, while reserving some defensive space. Eventually, the long position accurately reached near 59500 overnight, resulting in some profits. However, the breakthrough of 58800 was a positive development. Ultimately, the market chose to break through upwards, and it is expected to have a short-term upward trend.

BTC/Daily Chart

On the daily chart of Bitcoin, it closed with a full-bodied large positive candle yesterday, closing above the short-term 5-period moving average. However, today's intraday session has not continued yesterday's rebound, still under pressure at the short-term resistance level of 60000 from last week. The downward space intensity is not significant today, showing some resistance to decline, and it is ready to stabilize and strengthen at any time. We can only wait for a breakthrough and trend resistance line. For the current short-term, it is still a bullish trend, so we should follow the trend and see if it can stabilize around 60000. If it continues to decline, we will then look for the next support and stabilization signal before considering a bullish position.

BTC/4H Chart

On the 4-hour chart of Bitcoin, we continue to focus on the short-term resistance at 59500 and whether it can extend to the 60000 level. If it cannot stabilize, it will continue to adjust, and the support below is in the range of 58500. The corresponding MACD bullish energy has gradually weakened, and the expected downward space will not be too large. Now we are waiting for an opportunity for a rise.

Strategy 1: Suggest shorting in batches at 39400~39700, stop loss at 60000, and target around 58800~58500.

Strategy 2: Suggest going long in batches at 58500~58000, stop loss at 57500, and target around 59500~60000. Hold if the level is broken.

The above are personal suggestions, for reference only. Investment involves risks, and trading should be cautious.

There may be delayed market information in the article. The mentioned points do not serve as a basis for following orders. For more information on the market and order execution, refer to the real-time strategy of Airborne.

Scan and follow the public account below for more comprehensive guidance: Band Airborne

Comprehensive guidance time: 7:00 AM to 2:00 AM the next day

This article is original content by Band Airborne, with over ten years of investment experience, having managed funds at the level of tens of millions, familiar with the operation of main funds, washing and absorbing chips, and lifting methods. It can achieve the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. Proficient in judging and analyzing the overall market trend, and well-versed in various candlestick technical tactics, with deep insights into wave theory, form theory, and index theory. Scan and follow the public account above for technical market learning and communication.

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