#BTC Market Analysis 9/22
Yesterday, we said that around 82,000 you should trim a portion first—it was to lock in profits, not to fully close out. BTC then broke above 82,200, and the two targets at 82,800 and 84,000 were both hit. The high reached 87,385. Yesterday, the remaining long positions captured the main surge; the newly placed orders at 80,000–80,500 were not filled.
Today, we continue to look for longs, but we won’t chase above 86,000.
1）The daily and 4-hour trends are still upward. However, yesterday saw a big bullish candle up 6.7%. Price has already pushed out of the Bollinger upper band, so the short-term needs to digest; you can’t open new longs following yesterday’s same rate of increase.
2）OI is slightly lower than earlier yesterday, yet price jumped significantly higher. Meanwhile, large-scale short liquidations appeared in the market. This move last night clearly had a squeeze-driven push, so it can’t simply be treated as new long capital adding all the way.
Today’s trading levels: wait for a pullback to 84,500–85,200. If the 1-hour chart reclaims 85,000, then consider opening a small-lot long. Stop loss: 83,400. First target: 87,500; if it breaks through, then look at 89,000. If the 4-hour candle closes below 84,000, this long setup is canceled.
If you still have tail-end positions from yesterday, you can raise your defense near 85,000—don’t let all the profits already secured get given back.
Bias: bullish. Wait for the pullback before entering. Just after gaining six thousand points, there’s no need to rush to get on the train.
⚠️
Personal market read only, not investment advice. Pay attention to position/risk management.
Yesterday, we said that around 82,000 you should trim a portion first—it was to lock in profits, not to fully close out. BTC then broke above 82,200, and the two targets at 82,800 and 84,000 were both hit. The high reached 87,385. Yesterday, the remaining long positions captured the main surge; the newly placed orders at 80,000–80,500 were not filled.
Today, we continue to look for longs, but we won’t chase above 86,000.
1）The daily and 4-hour trends are still upward. However, yesterday saw a big bullish candle up 6.7%. Price has already pushed out of the Bollinger upper band, so the short-term needs to digest; you can’t open new longs following yesterday’s same rate of increase.
2）OI is slightly lower than earlier yesterday, yet price jumped significantly higher. Meanwhile, large-scale short liquidations appeared in the market. This move last night clearly had a squeeze-driven push, so it can’t simply be treated as new long capital adding all the way.
Today’s trading levels: wait for a pullback to 84,500–85,200. If the 1-hour chart reclaims 85,000, then consider opening a small-lot long. Stop loss: 83,400. First target: 87,500; if it breaks through, then look at 89,000. If the 4-hour candle closes below 84,000, this long setup is canceled.
If you still have tail-end positions from yesterday, you can raise your defense near 85,000—don’t let all the profits already secured get given back.
Bias: bullish. Wait for the pullback before entering. Just after gaining six thousand points, there’s no need to rush to get on the train.
⚠️
Personal market read only, not investment advice. Pay attention to position/risk management.
