9.10 Bitcoin and Ethereum Morning Market Analysis and Trading Suggestions

CN
4 hours ago

Morning Analysis: From the 1-hour chart, the price of Bitcoin is still operating within a wide range of fluctuations. The upper level at 113500 constitutes strong resistance, while the lower level between 109300-109800 forms strong support. Before these two key areas are effectively broken, it is difficult to determine the trend. Currently, the repeated high-level fluctuations and multiple significant pullbacks have found support and stopped falling in the 110300-110600 area, and the effectiveness of this support has been verified multiple times in previous analyses.

The Ethereum trend from the 4-hour chart shows that the price is also constrained within a wide range of fluctuations. The upper level constitutes strong pressure, which has been tested multiple times without effective breakthroughs, and the pressure continues to decline; the lower level between 4250-4270 forms key support, providing effective support for the price. The range is continuously narrowing, forming a triangular pattern, and it is highly likely that it will continue to fluctuate in the near term, with a prediction of a drop before the interest rate cut on September 17.

Trading Suggestions: For Bitcoin, consider shorting around 112100-111700, with a stop loss at 112700 and a target around 110300-110600. If it breaks down, look for 109800-109300; if it doesn't break, consider going long.

For Ethereum, consider shorting around 4340-4360, with a stop loss at 4380 and a target around 4250-4270. If it breaks down, look for the 4200-4160 area; if it doesn't break, consider going long.

This strategy is for reference only; please invest cautiously and secure profits. (Follow the public account: Ethereum Kai)

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