New Comment on the Market: Bitcoin's Potential After September 10th

CN
2 hours ago

Good evening everyone, I am Xinya, recently stepping on for a week, yesterday gave 79600, 2520, 2440 all became the market's manipulation points.

Brief review of a trade
On the night of September 9, Bitcoin at 79800 faced resistance and fell back, showing seven consecutive green candles on the 15-minute chart at 78800, rebounding to test 79800 again. After confirming the pressure, it dropped, reaching a low of about 77700 by 6 AM.

The process accelerated after breaking 78800 at 11 PM on September 9. At 1 AM today, it rebounded but faced resistance there. The key trading point is marked here. During the day, it consolidated within a narrow range of 77000-78500. The 78500 level corresponds to the one-hour EMA30 and the 15-minute EMA120, which are expected to have a damping effect. The four-hour EMA120 and EMA144 are located at 77000 and 76200, respectively. In the evening, it's expected to test downward in succession.

Above Bitcoin, pay attention to 78500, 79200, 80000
Below, pay attention to 76800, 75400, 73800

One could enter short around 78500-78800, and add positions in the 79200-79500 range, considering a stop-loss at 80200.

Brief review of Ethereum as well,
At 9:30 PM on September 9, starting from 2520, it had three consecutive red candles on the 15-minute chart, breaking below 2500. After rebounding to test 2520 twice and confirming the pressure, the shorts arranged downward and tested below 2480 (with both one-hour EMA120 and EMA144 moving averages), leading to a continuous decline, dropping to 2440 by 6 AM. During the day, it tested around 2480 at 9 AM and again at 2 PM. This area is marked as important.

The structure of Ethereum is oscillating, possibly needing to consolidate and digest first.
Above, pay attention to 2480, 2520
Below, pay attention to 2445, 2415, 2368
Hold onto shorts; currently, it's in the third fifteen-minute decline of the one-hour downward structure that began on the 9th. Let's see if this can break the oscillation range. If it doesn't break, it will turn back to test the upper boundary of the four-hour box.

Consider shorts in the 2480-2500 range, with a stop-loss at 2555.
Conservatively short at 2520, with a stop-loss at 2555.
2445 may have trapped positions entering to gamble, which could change the structure, but it may also collapse the structure, presenting relatively high risk.
Continue to focus on shorts.

Follow along, WeChat public account: Xinya Talks on Chan

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