Market analysis on September 14th: The 4-hour rebound of Bitcoin entered the target area, pay attention to the resistance above.

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1 year ago

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The third rebound of the 1-hour timeframe for Bitcoin has reached 60625, and the overall 4-hour rebound has reached our expected range of 60500 to 62000. The main resistance above is still concentrated in the range of 62000 to 63000. If the 4-hour rebound fails to effectively break through this range, there may be a subsequent 4-hour decline. The next 4-hour decline is crucial. If the retracement is shallow, Bitcoin is expected to start a strong upward trend, at least reaching the range of 65000 to 70000. If the retracement is deep, then a daily decline may lead to an extension.

BTC

Due to the rapid changes in the market in the short term, this article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes and use this information as a reference only.

1H:

The third 1-hour rebound is currently in progress. In the short term, there may still be a 15-minute rebound to around 61000 or above. After that, there may be a 1-hour decline. If the 1-hour decline falls below 56800, Bitcoin may undergo another 4-hour retracement, at least to below 55000.

As shown in the image, the three yellow arrows on the left represent the structure of the 4-hour rebound, while the green arrows on the right represent the expected structure of the 4-hour retracement.

15M:

At the 15-minute level, after the retracement, there should be another 15-minute rebound to around 61000 or above. So, as long as the 15-minute retracement does not fall below 69000, there should be another 15-minute rebound. This should be observed for further details.

ETH

On the 4-hour timeframe for Ethereum, as long as the 4-hour rebound does not effectively break through 2600, there may be another 4-hour decline, possibly retesting 2100 or slightly breaking below 2100.

From the perspective of spot trading, it is worth considering buying Ethereum near 2100 or even close to 2000, as the support near 2000 is a watershed for the strength of the long and short positions at the weekly level. Ethereum maintaining above 2000 is indicative of a bullish trend.

At the 15-minute level for Ethereum, there is currently a retracement. If this retracement does not fall below 2382, there is still a chance for another 15-minute rebound to test around 2500.

Trend Direction

Weekly Level: Downward, the extension of the weekly decline. The theoretical level is around 49000, with a possible extreme range of 45000 to 48000. Whether it has ended needs further observation.

Daily Level: Upward, watching whether the level of 49000 will be broken.

4-hour Level: Upward, the 4-hour rebound has entered the target area. If it does not break through 63000, there may be a 4-hour retracement next week.

1-hour Level: Upward, the 1-hour rebound may still lack a 15-minute upward movement.

15-minute Level: Upward, observing whether there will be another push towards around 61000 or above.

Feel free to follow my public account for further discussion and exchange:

This article is time-sensitive. Please be aware of the risks. The views expressed in this article are personal opinions and are for reference only!

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