Coin Circle Liying: Bitcoin short-term consolidation on September 21, Ethereum long positions are strengthening, latest market analysis reference

Article release time 2024.9.21----13:10

Bitcoin has basically reached the balance point for the year, and careful friends should be able to notice this position, which is 65000. Although it has not reached this level yet, the current price is also at 62900. Judging from the market sentiment, 65000 is not far away. In the short term, it will consolidate at a high level without much fluctuation. Generally, there are no good market conditions on weekends. Let's start with the analysis of the candlestick pattern. In the recent period, the four-hour candlestick is in an upward phase. In the 4-hour MACD cycle, the DIF and DEA averages are running positively, but the MACD histogram shows signs of weakening, indicating the possibility of a short-term pullback risk. The 4-hour RSI is close to the overbought zone, so caution is needed for a short-term pullback. EMA: The current price is hovering near EMA7, slightly below EMA30 and EMA120. The short-term moving average and the long-term moving average form a golden cross, indicating that the upward trend in the short term remains unchanged.

Today's reference points:

Long at 62000, defend at 61000, stop loss at 60500, target at 64000

Short at 64000, defend at 65000, stop loss at 65500, target at 63000

Ethereum

After the daily candlestick closed at 8 am, Ethereum broke through 2585 at the opening, and although there has been some retracement, the current candlestick pattern still shows a fluctuating upward trend, with consecutive positive closes from the 19th to the 21st. In addition, the candlesticks on the 20th and 21st show relatively long lower shadows, indicating strong support below.

Looking at the MACD technical indicators, after the DIF and DEA crossed above the 0 axis, they continued to diverge upwards, and the MACD histogram gradually increased, indicating that the bullish momentum is strengthening. The RSI14 indicator is currently around 65, so Liying believes that there is still room for upward movement in the market, and the bullish trend has not ended. The EMA short-term moving average is arranged above the long-term moving average, forming a bullish arrangement, supporting the bullish trend.

Today's latest reference points:

Long at 2500, add position at 2450, stop loss at 2420, target at 2600

Short at 2600, add position at 2650, stop loss at 2680, target at 2500

The content of the article is time-sensitive and is for reference only. Please bear the risks.

The above analysis by Liying is based on market data and trend analysis of the market, and is for reference only, and does not constitute investment advice. For the reference of family members. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their own journey to success.

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