On September 27, Bitcoin continued to decline. Has the bottom been reached, and is there still a chance for a rebound?

CN
7 hours ago

Happy weekend! As we look back, September is coming to an end, which means it is quietly leaving. Have you accomplished your initial goals? If not, take a moment to reflect on whether your logic is prepared and why you haven't achieved your original plans. Jiang Wei has been on a winning streak this month, with his ideas mostly correct, but he was stopped the day before yesterday, which is the only regret of this month. Next, let's discuss the shallow market.

Four

On the hourly chart, prices have been continuously declining, breaking below the 110,000 mark, with a minimum retracement around 108,500. This week, the overall decline has been nearly 10,000 points, indicating a strong downward trend. Currently, the price is oscillating at the lower boundary; it remains to be seen whether it will break down further or recover and rise. From the pre-market perspective, the price is consolidating at the bottom, but if the bullish energy in the indicators gradually emerges, it could lead to a significant increase. I believe there will be a rebound in the short term, and I am bullish for the weekend.

I suggest looking for bullish opportunities around the 109,000-108,800 area, with a target towards the 110,000 mark. These points are for reference only; actual trading should take precedence.

Follow the public account, "What Can Solve Worries? Only Jiang Wei."

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