Analysis of BTC market on September 20

For now, the market of BTC is still more inclined to the side sentiment. Yesterday, the upward rhythm continued directly to the 63800 line with great force, and then fell back. At this stage, the pattern is in the process of excessive adjustment, but the overall strength is not large, and the side still has the performance of continuing to rise.

At present, we still follow the trend of the bullish trend. The macro fundamentals are constantly supporting the rise of Bitcoin. The small cycle has a negative line correction, but this wave of rising patterns has not ended. In the short term, it is expected to rise slowly to try to touch the high. Judging from the current rhythm, the intraday retracement will not be too strong. At present, the market is running around the short-term bulls. The overall structure will continue to maintain an upward pattern after the retracement.

In the morning, BTC short-term retraced around the 62300-62600 area, with a target of 64000-65000.

(Note: Each website has a delay in publishing, the specific time is ten days)

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