Cryptocurrency Academy: On September 20, Bitcoin (BTC) should not be deceived by the one-sided rise; is there a hidden potential for a pullback in the market? Latest market analysis and operational advice interpretation.

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2 hours ago

Cryptocurrency Academy: 9.20Bitcoin (BTC) should not be deceived by unilateral rises; is a correction hidden in the market? Latest market analysis and operational advice explained

 

Current price of Bitcoin81850, it is essential to distinguish between trend and position. The trend is bullish, but it does not mean you can go long at any price level at will. The risk at high levels is always greater than the opportunity; it is better to miss out than to make a mistake. The market never lacks opportunities; what it lacks is patience and risk control. Since you missed the 60000 and 65000 upward signals I provided, and now you also missed the 75500 upward, it’s fine. The market is always here, and I am always here.

 

The daily K-line bullish trend framework is intact. The MACD indicator's red column has slightly converged, the DIF is still above the DEA, bullish momentum is slightly declining but there are no signals for a bearish reversal. The Bollinger Bands are expanding upward, and the price is running near the upper band, indicating a strong bullish pattern in the short term. However, after continuous rises, overbought pressure is gradually accumulating, and a technical correction may occur at any time; one should not blindly chase prices but pay attention to the effectiveness of moving average support.

 

The four-hour K-line moving averages maintain a bullish arrangement. The previous high of82282 is currently the strongest resistance, and it is a key threshold for this rebound. The MACD red column continues to shorten, showing signs of slowing bullish momentum, with potential bearish divergence. The upper Bollinger Band at 82594 is clearly pressing down, while the lower band at 73808 serves as long-term support. This is the accumulation phase after a strong bullish trend, and the market is likely to fluctuate and digest in the 81000-82282 range, waiting to choose a direction. During this phase, chasing long positions increases risk; it is better to wait for a pullback to support before considering opportunities.

Short-term reference

From below 80500 to 80000 upward, stop loss at 500 points, target after breaking 82000 aims for 84000.

Above, the previous high of 82200 could see a stagnation and decline; attempt to go short with a stop loss of 500 points, aiming for 81000 to 80000.

Specific operations should be based on real-time market data; for more information, please consult me. There may be delays in the article’s release, so advice is for reference only and risks are borne by the user.

 

 

 


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