Cryptocurrency Market Analysis and Trading Suggestions by Hongjie on September 16 (Written on September 29):

Ethereum is currently priced around 4530. Yesterday, Hongjie successfully captured a hundred-point space by shorting above the 4650 midline on the 4H chart! The current price is located between the 4H lower band and the EMA30. It is in a downward oscillation and correction phase. From the BOLL three lines, the upper band remains basically parallel, the middle band has shifted down below yesterday's level, while the lower band continues to expand downward, approaching the EMA120 position. Currently, there are many support moving averages below the K-line. This week, we need to continue to pay attention to whether the EMA250 (4250) can hold! From the MACD perspective, the red bars are decreasing but not strongly, and both KDJ and RSI are close to oversold with a turning intention. Overall, the bullish performance is relatively weak, as the DIF and DEA are continuing to diverge. Therefore, Hongjie suggests waiting for high short opportunities and not chasing long positions! For rebounds, continue to watch the middle band for resistance!

In the short-term 1-hour view, from yesterday afternoon to today’s daytime, there have been frequent lower shadows, indicating buying power intervention. From the MACD, we can see that there is again an increase in volume above the 0 axis, and the DIF and DEA have formed a golden cross again. However, the coin price has not shown a strong rebound or a breakthrough of key resistance, and the BOLL channel is also narrowing, with the upper band pressing down close to EMA60 below 4600, indicating that the upper space for today’s oscillation will not be very large! Those with bearish thoughts can patiently wait for the rebound space to complete before entering!

Sell Point: Short lightly at ≥4570, stop loss above 4630; take profit at 4510-4450-4400; if it breaks below 4390-4370, you can continue to hold!

Buy Point: Long lightly at ≤4400, stop loss below 4335; take profit at 4490-4550-4610;

There may be delays in article review and push notifications. The above points are for reference only; please grasp the timing of buying and selling yourself. When entering the market, ensure proper risk control and avoid heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the cryptocurrency world is not just about numbers and charts; it is also an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the cryptocurrency stage, realizing your value and dreams. Wherever and whenever, Hongjie cheers for you and looks forward to your wonderful performance. Hongjie wishes everyone a smooth journey in the cryptocurrency world, returning with full loads!

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