Evening Analysis on 9.18 $BTC
Under the current negative news backdrop, why are Bitcoin and Ethereum rising? First, it’s a very simple principle, one that I’ve always said: even the lady buying vegetables at the market knows this—everyone has gone short, so how can it keep falling? Yesterday, around 77,000-77,200, you could have shorted a wave first. The reason I didn’t let you short a second time is exactly this: because once everyone is short, it has no choice but to rise. Overall, Bitcoin has shown resilience in the face of concentrated bearish news. The 4-hour technical structure is short-term bullish, but continued upward movement still needs to break through the heavy resistance zone at 78,500-80,000, and the pressure from tightening macro liquidity has not yet been lifted. It is recommended to focus on whether 78,500 can be broken with volume, as well as the effectiveness of support around 77,100. My personal suggestion is that around 78,450-79,300, you can lightly short it for a move.
Under the current negative news backdrop, why are Bitcoin and Ethereum rising? First, it’s a very simple principle, one that I’ve always said: even the lady buying vegetables at the market knows this—everyone has gone short, so how can it keep falling? Yesterday, around 77,000-77,200, you could have shorted a wave first. The reason I didn’t let you short a second time is exactly this: because once everyone is short, it has no choice but to rise. Overall, Bitcoin has shown resilience in the face of concentrated bearish news. The 4-hour technical structure is short-term bullish, but continued upward movement still needs to break through the heavy resistance zone at 78,500-80,000, and the pressure from tightening macro liquidity has not yet been lifted. It is recommended to focus on whether 78,500 can be broken with volume, as well as the effectiveness of support around 77,100. My personal suggestion is that around 78,450-79,300, you can lightly short it for a move.
