After a continuous rise in cryptocurrency prices, a short-term consolidation adjustment has begun. As the process of de-dollarization becomes irreversible, trade rules become ambiguous, currency anchors show signs of instability, and the global debt burden continues to accumulate, the logic of price valuation for cryptocurrencies shifts from commodities to institutional guarantees. In this context, Bitcoin, as an asset that never relies on third-party performance, will see its valuation continue to rise. The short-term pullback is aimed at better upward momentum in the future. What we can do is to go with the trend and hold onto the available space.
Currently, looking at the Bitcoin market trend, the daily price has been fluctuating within a small range recently, showing an overall state of high-level consolidation. After a large bearish candle appeared on September 19, there has been a slight rebound in the past two days, but the strength is weak and has not broken through the previous high. In the technical indicators, the MACD on the hourly chart shows both DIF and DEA are below the zero axis, indicating a short-term bearish dominance, but the green bars are shortening, suggesting a weakening of bearish momentum. The daily MACD is still operating below the zero axis, with a weak trend. The hourly RSI is around 48, close to the neutral zone, with no obvious overbought or oversold signals; the daily RSI remains around 50, indicating stable market sentiment. The hourly EMA7 and EMA30 are converging, making the short-term direction unclear; there is pressure above the EMA120. The daily EMA7, EMA30, and EMA120 are gradually converging, indicating a balance between bullish and bearish forces. In the short term, the weekend will continue to be dominated by fluctuations, with key market movements expected on Monday.
Zhou Yanling's 9.21 Bitcoin Trading Strategy:
Buy at 114500-115000, stop loss below 113800, target around 116800.
Sell at 116900-116300, stop loss above 117600, target around 115000.
Zhou Yanling's 9.21 Ethereum Trading Strategy:
Buy at 4420-4450, stop loss below 4380, target 4540-4570.
Sell at 4580-4540, stop loss above 4620, target 4460-4420.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character combined with sharp and decisive operations.
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