[Qiu Ge's Morning Review] September 4#BTC #e
Yesterday Review: After two rounds of consolidation over the weekend, the big and second cakes are now making multiple upward attempts, but have not yet broken through the range. Currently, they are mainly repairing. Yesterday weekend, the market fluctuated in a narrow range, with the big cake fluctuating within 400 points and the second cake fluctuating within 25 points.
Today's analysis: From the overall structure of the pie, Bollinger Bands are shrinking, brewing the possibility of a change. In terms of the one-hour structure, although the pie has tried to move upward, it has not succeeded. However, the support below is also very strong. Overall, Bitcoin’s lower support level is between 25600-25800. Therefore, subsequent operations should be based on low-long thinking. As for the intraday operation suggestions, you can conduct multiple orders between 25600-25800, with the target reaching around 27000.
The situation of the second cake is similar. In the one-hour structure, the second cake is also trying to go up, but it has not succeeded yet. However, the support level below is between 1615-1625, which provides good support for the second cake. In terms of operation, long orders can be carried out between 1615-1625, with the target around 1655.
In summary, Bitcoin and Ethereum are currently in a consolidation and repair phase, but the overall trend is still upward. In the short term, the two may fluctuate and consolidate in their respective ranges, but as long as the support level below is not broken, the upward trend will remain. Therefore, the low-long idea is the current main operation strategy.
Technical operation suggestions: reference point, high altitude and low volume
The upper pressure level of the big cake analysis: 26200-26600-27000
Support level below: 25400-25600-25800
The upper pressure level of the second cake analysis: 1645-1655-1665
Support level below: 1605-1615-1625
The above operational suggestions are for reference only and are not used as a basis for investment.
