#BTC Market Analysis 9/11
Yesterday, after waiting for 4 hours to stabilize around 79300, no conditions were triggered; then the 77000-77600 range was broken, and the low fell to 76403. This confirmation condition helped us avoid a further leg of decline.
Around $BTC 76780. Although the daily candle closed below EMA21 at 76785, it is still near the lower Bollinger band around 76226. For the larger timeframe, the current action is still temporarily treated as a pullback after an upswing; there’s no rush to flip short.
Today’s main direction remains low-buy (buy on dips). Key support is 76000-76500.
This area is the daily lower Bollinger band and a prior structure zone. After last night’s low of 76403, a rebound/retracement has already appeared, suggesting there are buyers stepping in for the moment.
Today’s trading plan
If the price retraces to 76300-76700 and holds without breaking, you can do small-position, staged long entries.
Place the stop loss at 75200. First target: 78200-78500. After a breakout, look at 79300; for a strong move, target 80500.
If the 4-hour chart effectively breaks below 75500, it means the bids failed—cancel the long idea and do not add to positions.
In the past 24 hours, price has dropped by about 1.61%, but OI has increased by about 1.45%. Based on the structure of the decline, newly added positions are temporarily more tilted toward short-side pressure. As long as 76000-76500 holds, these short positions may even become fuel for a rebound.
Last night, the PPI YoY rose to 5.4%, and inflation concerns are a catalyst for the selloff. Tonight at 20:30 Beijing time there’s also the CPI. You can trade from the left side, but position sizing must be light.
Simple summary: The daily timeframe is still treated as a bullish pullback. Look for left-side low-buys near 76000-76500; if it breaks below 75500, admit the mistake—then first look for 78200-78500 on the rebound.
⚠️ The above is only my personal market analysis, not investment advice. Pay attention to risk and position management.
Yesterday, after waiting for 4 hours to stabilize around 79300, no conditions were triggered; then the 77000-77600 range was broken, and the low fell to 76403. This confirmation condition helped us avoid a further leg of decline.
Around $BTC 76780. Although the daily candle closed below EMA21 at 76785, it is still near the lower Bollinger band around 76226. For the larger timeframe, the current action is still temporarily treated as a pullback after an upswing; there’s no rush to flip short.
Today’s main direction remains low-buy (buy on dips). Key support is 76000-76500.
This area is the daily lower Bollinger band and a prior structure zone. After last night’s low of 76403, a rebound/retracement has already appeared, suggesting there are buyers stepping in for the moment.
Today’s trading plan
If the price retraces to 76300-76700 and holds without breaking, you can do small-position, staged long entries.
Place the stop loss at 75200. First target: 78200-78500. After a breakout, look at 79300; for a strong move, target 80500.
If the 4-hour chart effectively breaks below 75500, it means the bids failed—cancel the long idea and do not add to positions.
In the past 24 hours, price has dropped by about 1.61%, but OI has increased by about 1.45%. Based on the structure of the decline, newly added positions are temporarily more tilted toward short-side pressure. As long as 76000-76500 holds, these short positions may even become fuel for a rebound.
Last night, the PPI YoY rose to 5.4%, and inflation concerns are a catalyst for the selloff. Tonight at 20:30 Beijing time there’s also the CPI. You can trade from the left side, but position sizing must be light.
Simple summary: The daily timeframe is still treated as a bullish pullback. Look for left-side low-buys near 76000-76500; if it breaks below 75500, admit the mistake—then first look for 78200-78500 on the rebound.
⚠️ The above is only my personal market analysis, not investment advice. Pay attention to risk and position management.
