New Yaw discusses: Bitcoin 9.6 future possibilities.

CN
1 hour ago

Good evening everyone, I am Xin Ya, and I made a comeback with short selling on Friday.

Let me first mention what I've been doing recently. On Friday afternoon at six, I indicated a short position, and after the non-farm payroll data was released that evening, the market fell on time. The entry points indicated by Xin were for Bitcoin at 81100, Ethereum at 2530, and gold at 4470; these three are all starting drop zones. The former has a two thousand point range, while the latter two have a hundred point range.

Today, during the day, Bitcoin and Ethereum reached eighty thousand, shorting at 25800
There are four possible scenarios for the market ahead
First, let's discuss three internal structures over four hours

The first scenario involves a rebound in one hour, a consolidation in fifteen minutes, followed by another hour of upward movement.

The second scenario involves a decline in fifteen minutes, a consolidation in fifteen minutes, then followed by a one-hour pullback.

The third scenario maintains the four-hour consolidation since
the possibility of reversal increases, while the possibility of retracement decreases.

If the market behavior gets extremely complicated, if we have a first buy at 77800 and confirm a second buy at 79500, then we will trigger a fourth possibility in the market. That is the reversal structure.

This one-hour rebound could go to 82800-83200, and if the pullback does not break 81200-81500, it will continue the rebound extension structure, breaking through the four-hour center and establishing a new four-hour upward structure. Then the market would go towards the 87800 area.

In terms of patterns, 89500 could not only confirm a one-hour level second buy but could also simultaneously be a three buy at the four-hour level.

Bears need not worry because on August 28, the one-hour decline during the day damaged the prior upward movement. The recent half month of upward movements, followed by declines, did not lead Bitcoin out of the four-hour consolidation zone. The repetitive damage to the structure makes it easy for the fourth possibility to be broken.

The key levels to watch do not need much change
Above: 80500, 81500, 82500, 83700
Below: 78800, 77800, 76800, 75400
For Ethereum above: 2520, 2550, 2680
Below: 2480, 2450, 2380, 2320

My inclination is still to follow the internal structure over four hours, where Bitcoin can be shorted at the whole number of 80000, and Ethereum at 2500. Positions can be added at 81200 and 2545, with stop losses at 81850 and 2570. For a conservative approach, one can enter short at my add point. For targets, take profit and stop loss are to be planned by oneself. As liquidity improves, positions that need to test competition will be touched multiple times. Pay attention to the market rhythm and levels while watching the market.

The fourth possibility is too in line with the aesthetics of the bulls, while my view is that the market will cleanse, at least to torment that part of the people.

As for gold, when it rebounded to 4440 on Friday night, everyone entered for the second time; this is also our new average price. One can add positions at 4480 or

stop loss, or one can set a stop loss at 4500. Let's hold until Tuesday.

Public account: Xin Ya talks about Chan

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