9.1 BTC/ETH Market View:
School is back in session. A new semester, a new journey, and the monthly chart is also welcoming a fresh change. Bitcoin has been closing green for two consecutive months, and each green candle is bigger than the last. On the daily chart, the three Bollinger Bands are opening upward with the middle line lifting. The KDJ formed a dead cross and the three lines are turning downward. The RSI is moving slowly and flattening out. The MACD bullish volume is continually shrinking, forming a divergence. From the indicators, the market seems to have a need for a pullback. However, the price always stays in a high-range consolidation. Last Friday’s sell-off dropped through the gate, but the price quickly rebounded.
High-level range consolidation means strength gathering for the next move! Of course, the market is never a single voice—there are always bearish viewpoints. If you can’t hold above 80,000, a sell-off may be imminent. Whether you are long or short, set your stop losses properly, manage your position sizes, and stay rational!
For Bitcoin, watch support below at 78,000, 77,000, and 75,500. Consider entering longs around these levels. If the price rebounds, watch resistance above at 79,000, 80,000, and 81,000.
For Ethereum, watch support below at 2,440, 2,400, and 2,350. Consider entering longs around these levels. On rebounds, watch resistance above at 2,480, 2,520, and 2,600.#美股收跌亚马逊遭FTC起诉
School is back in session. A new semester, a new journey, and the monthly chart is also welcoming a fresh change. Bitcoin has been closing green for two consecutive months, and each green candle is bigger than the last. On the daily chart, the three Bollinger Bands are opening upward with the middle line lifting. The KDJ formed a dead cross and the three lines are turning downward. The RSI is moving slowly and flattening out. The MACD bullish volume is continually shrinking, forming a divergence. From the indicators, the market seems to have a need for a pullback. However, the price always stays in a high-range consolidation. Last Friday’s sell-off dropped through the gate, but the price quickly rebounded.
High-level range consolidation means strength gathering for the next move! Of course, the market is never a single voice—there are always bearish viewpoints. If you can’t hold above 80,000, a sell-off may be imminent. Whether you are long or short, set your stop losses properly, manage your position sizes, and stay rational!
For Bitcoin, watch support below at 78,000, 77,000, and 75,500. Consider entering longs around these levels. If the price rebounds, watch resistance above at 79,000, 80,000, and 81,000.
For Ethereum, watch support below at 2,440, 2,400, and 2,350. Consider entering longs around these levels. On rebounds, watch resistance above at 2,480, 2,520, and 2,600.#美股收跌亚马逊遭FTC起诉
