Today is September 7.
Currently, Bitcoin is fluctuating in the 79,000 to 80,000 range.
The overall market structure is still in an uptrend.
The main level to watch this week is around 78,000. If it drops to this area, you can consider going long. At the moment, BTC's downward structure has already formed. Although resistance above has repeatedly failed to break and hold above 82,000, after consolidating below 82,000 for so long, this area can no longer really be considered range resistance, because not dropping for such a long time shows that capital has already started absorbing here.
If we look higher, there are two levels: one is the 84,000 to 86,000 area, and the other is around 93,000. For now, we only need to watch whether 78,000 can hold. If it rises again around this area, then it is very likely to stabilize near 82,000 and move toward the 84,000 to 86,000 area.
So, in general, it is still better to look for long positions at lower levels. There are two levels: 78,000 and 76,000. If 78,000 breaks down, there is no need to rush into a trade; you can wait for the price reaction at 76,000. Try to hold for the medium to long term. If 76,000 continues to break down, then you should exit.
The profit target for long positions can be seen above 86,000. At the moment, the focus should still be on going long at lower levels.
Because ETH is more volatile, if we have to choose a long entry point, it would be around 2,430. If you do not already hold a long position, then just wait for a pullback. Of course, no one can say for sure whether it will drop or not. It may not drop. But since the market is already here, it should not be shorted either. Either wait until it falls and forms a downtrend before shorting.
This week, it is still best to wait for a pullback before going long. #BTC走势分析 #IMF称萨尔瓦多购币未用公共资金 #伊朗称袭击3艘美舰3艘油轮
Currently, Bitcoin is fluctuating in the 79,000 to 80,000 range.
The overall market structure is still in an uptrend.
The main level to watch this week is around 78,000. If it drops to this area, you can consider going long. At the moment, BTC's downward structure has already formed. Although resistance above has repeatedly failed to break and hold above 82,000, after consolidating below 82,000 for so long, this area can no longer really be considered range resistance, because not dropping for such a long time shows that capital has already started absorbing here.
If we look higher, there are two levels: one is the 84,000 to 86,000 area, and the other is around 93,000. For now, we only need to watch whether 78,000 can hold. If it rises again around this area, then it is very likely to stabilize near 82,000 and move toward the 84,000 to 86,000 area.
So, in general, it is still better to look for long positions at lower levels. There are two levels: 78,000 and 76,000. If 78,000 breaks down, there is no need to rush into a trade; you can wait for the price reaction at 76,000. Try to hold for the medium to long term. If 76,000 continues to break down, then you should exit.
The profit target for long positions can be seen above 86,000. At the moment, the focus should still be on going long at lower levels.
Because ETH is more volatile, if we have to choose a long entry point, it would be around 2,430. If you do not already hold a long position, then just wait for a pullback. Of course, no one can say for sure whether it will drop or not. It may not drop. But since the market is already here, it should not be shorted either. Either wait until it falls and forms a downtrend before shorting.
This week, it is still best to wait for a pullback before going long. #BTC走势分析 #IMF称萨尔瓦多购币未用公共资金 #伊朗称袭击3艘美舰3艘油轮