Zhou Yanling: Bitcoin Strong Breakout on September 14, Don't Guess the Top, Wait for Ethereum to Retrace Before Entering the Market

The surge last night can be said to be a very perfect rally, and there was no major pullback or decline in the latter half of the night. Yanling's long position given in yesterday's article has gained a good profit space, but unfortunately, the entry point for short positions later was too early and easily damaged. However, I am stubborn, and with reasonable position control, I entered fewer short positions, which also helped me to resist. Because I expect there will be a retracement this morning, it's just a matter of the magnitude of the retracement. Therefore, the future market will definitely be in a very strong state in the short term. Any short position can only expect a sudden decline, and it's not very realistic to hope for a slow decline. In this market, a single bullish candle can reverse the situation at any time.

Next week will be the interest rate decision, and the market's controversy will reach its peak before that. Then it will be the time for the pendulum to swing and the positive factors to be exhausted. Yanling has been emphasizing the bullish view before the decision, but just recently thought it should be a consolidation pattern at the end of the week. Last night, it directly surged, and the speed was fast enough. It can only be said that the initial judgment is often correct, but it was confused by its consolidation. Now that it has really surged, we are calm. Therefore, the operation for the rest of the day is simple. In the short term, continue to focus on the support around 58500 and continue to be bullish. As long as this round of retracement and consolidation does not break the 58500 level, there will still be moments for the bulls to continue to surge. The upper resistance should focus on the strength around 62000.

Bitcoin Operation Strategy on September 14:

1. Long at 59200-59700, stop loss below 58700, target near 60600-61000, continue to break through and look at around 62000
2. Short at 61900-61400, stop loss above 62500, target 60500-60000

Ethereum Operation Strategy on September 14:

1. Long at 2380-2410, stop loss below 2350, target 2460-2500, continue to rise and look at around 2570
2. Short at 2560-2520, stop loss above 2590, target 2460-2430

【The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and release may have lagging strategies and lack timeliness. Please refer to Yanling's real-time strategy for specific operations.】

This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations. If you need to understand more real-time community guidance, consultation on getting out of trouble, and learning chart reading skills, you can follow the teacher's official account: Zhou Yanling to find the teacher.

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