9.22 BTC/ETH Market Commentary:
A single bullish candle shot straight up. BTC keeps making new highs—its peak is around 87,300. It has since pulled back by nearly 2,000 points, and the price is currently consolidating and repairing around 85,400.
The long-below setup led by the low-buy community is evident to all. All the way through the rate-hike night, longs kept building from 75,000 and 76,000. Last Saturday and Sunday saw longs come in again around 80,500. Yesterday, I publicly reminded everyone that 85,000 is not suitable for an urgent shorting attempt—successfully helping you avoid a trap and profit!
For BTC, the intraday strategy is mainly to look for long positions on dips. Support to watch is 84,500 and 82,600. Place your dip-buy longs around these levels. For rebounds, watch resistance at 85,000 and 87,000, as well as 88,500.
For ETH, support to watch is 2,680 and 2,620. Enter longs on dips around these levels. For rebounds, watch resistances at 2,760 and 2,850, as well as 3,000.
On the BTC daily chart, there is a big bullish candle and the price is still above the upper band. KDJ and RSI are high; although they have started to curve, the MACD golden cross is still pointing upward and momentum is continuing to expand. On the 4-hour chart, price has returned below the upper band; KDJ and RSI at high levels have started to turn downward, and MACD bull momentum is shrinking—suggesting the market likely needs a pullback. On the 1-hour chart, price is consolidating and repairing around the mid-band, and there is also a pullback requirement; the indicators also call for a pullback. But it has already dropped 2,000 points, and it may turn into consolidation instead of a further decline. Therefore, chasing shorts is not the right move. It’s still early, and there’s no need to be overly aggressive with longs. If the pullback lacks follow-through and the market just range-trades at the highs, then adjust and take dip-long opportunities later in the evening! #XRP上涨8% $BTC
A single bullish candle shot straight up. BTC keeps making new highs—its peak is around 87,300. It has since pulled back by nearly 2,000 points, and the price is currently consolidating and repairing around 85,400.
The long-below setup led by the low-buy community is evident to all. All the way through the rate-hike night, longs kept building from 75,000 and 76,000. Last Saturday and Sunday saw longs come in again around 80,500. Yesterday, I publicly reminded everyone that 85,000 is not suitable for an urgent shorting attempt—successfully helping you avoid a trap and profit!
For BTC, the intraday strategy is mainly to look for long positions on dips. Support to watch is 84,500 and 82,600. Place your dip-buy longs around these levels. For rebounds, watch resistance at 85,000 and 87,000, as well as 88,500.
For ETH, support to watch is 2,680 and 2,620. Enter longs on dips around these levels. For rebounds, watch resistances at 2,760 and 2,850, as well as 3,000.
On the BTC daily chart, there is a big bullish candle and the price is still above the upper band. KDJ and RSI are high; although they have started to curve, the MACD golden cross is still pointing upward and momentum is continuing to expand. On the 4-hour chart, price has returned below the upper band; KDJ and RSI at high levels have started to turn downward, and MACD bull momentum is shrinking—suggesting the market likely needs a pullback. On the 1-hour chart, price is consolidating and repairing around the mid-band, and there is also a pullback requirement; the indicators also call for a pullback. But it has already dropped 2,000 points, and it may turn into consolidation instead of a further decline. Therefore, chasing shorts is not the right move. It’s still early, and there’s no need to be overly aggressive with longs. If the pullback lacks follow-through and the market just range-trades at the highs, then adjust and take dip-long opportunities later in the evening! #XRP上涨8% $BTC
