9.20 BTC/ETH Market Outlook:
For BTC, it hasn’t yet broken out of the ranging (consolidation) area. The rebound still hasn’t exceeded the previous high around 82,000. The pullback before the rate hike was only down to a low of 74,900, and it quickly recovered—so it hasn’t truly broken the 75,000 support level. Therefore, this is a short-term long (short-moderate duration) idea: participate around 80,000. There won’t be much room to maneuver, so profits are limited, and the risk is still not small. Position sizing must be strictly controlled.
From now on, I’ll slightly modify the post template: I’ll first give the intraday trading range, then provide the analysis afterward. After all, most people really don’t have patience to finish the full analysis just to then look at the trading range. Everyone is impatient—they just want to go straight for the target!
Intraday thinking remains the same. If you don’t hold any longs, you can still consider building a primary position around 80,500–79,500. 78,000 is the level for adding on a dip. For the rebound, watch for resistance at 81,500–83,000–84,500.
For ETH, focus on supports below at 2,585 and 2,545. Build a primary long position around these levels. For resistance on rebound, watch 2,645, 2,720, and 2,820.
BTC on the daily chart: yesterday closed with an upside-down hammer and a small bullish candle. Price is currently back below the upper band. Stochastics (KDJ) is plateauing in the high zone, while RSI is turning downward. MACD bearish momentum continues, with histogram bars shrinking—indicating weakening downside pressure.
On the 4-hour chart, the rebound is capped by the previous high area around 82,000. A small double-top formed, followed by a pullback. KDJ and RSI both turn down. MACD shows top divergence, and bullish volume continues to shrink.
On the 1-hour chart, price has returned above the lower band. Indicators are starting to slow, and the bearish side shows some exhaustion.
In the bigger picture, the structure is still bullish. The stronger pullbacks on smaller timeframes have already weakened. The previous high around 82,000 is being pressured, and the pullback dipped to 74,900 before rebounding. As long as the range is not broken, the market still hasn’t found a way out.
Doing longs near 80,000 isn’t the best price-to-profit ratio—but there’s no choice. With a bullish structure, we can only go for short-term longs. Only if price breaks out of the range resistance can the market open up for meaningful profits. So when the market retraces, if it’s time to go long, you should go long.
Earlier, the 75,000 long, the 76,000 long, and then the move back up toward 80,000—those longs felt great. Only the ones who followed along know what it’s like! #日本央行加息至31年高位 $BTC
For BTC, it hasn’t yet broken out of the ranging (consolidation) area. The rebound still hasn’t exceeded the previous high around 82,000. The pullback before the rate hike was only down to a low of 74,900, and it quickly recovered—so it hasn’t truly broken the 75,000 support level. Therefore, this is a short-term long (short-moderate duration) idea: participate around 80,000. There won’t be much room to maneuver, so profits are limited, and the risk is still not small. Position sizing must be strictly controlled.
From now on, I’ll slightly modify the post template: I’ll first give the intraday trading range, then provide the analysis afterward. After all, most people really don’t have patience to finish the full analysis just to then look at the trading range. Everyone is impatient—they just want to go straight for the target!
Intraday thinking remains the same. If you don’t hold any longs, you can still consider building a primary position around 80,500–79,500. 78,000 is the level for adding on a dip. For the rebound, watch for resistance at 81,500–83,000–84,500.
For ETH, focus on supports below at 2,585 and 2,545. Build a primary long position around these levels. For resistance on rebound, watch 2,645, 2,720, and 2,820.
BTC on the daily chart: yesterday closed with an upside-down hammer and a small bullish candle. Price is currently back below the upper band. Stochastics (KDJ) is plateauing in the high zone, while RSI is turning downward. MACD bearish momentum continues, with histogram bars shrinking—indicating weakening downside pressure.
On the 4-hour chart, the rebound is capped by the previous high area around 82,000. A small double-top formed, followed by a pullback. KDJ and RSI both turn down. MACD shows top divergence, and bullish volume continues to shrink.
On the 1-hour chart, price has returned above the lower band. Indicators are starting to slow, and the bearish side shows some exhaustion.
In the bigger picture, the structure is still bullish. The stronger pullbacks on smaller timeframes have already weakened. The previous high around 82,000 is being pressured, and the pullback dipped to 74,900 before rebounding. As long as the range is not broken, the market still hasn’t found a way out.
Doing longs near 80,000 isn’t the best price-to-profit ratio—but there’s no choice. With a bullish structure, we can only go for short-term longs. Only if price breaks out of the range resistance can the market open up for meaningful profits. So when the market retraces, if it’s time to go long, you should go long.
Earlier, the 75,000 long, the 76,000 long, and then the move back up toward 80,000—those longs felt great. Only the ones who followed along know what it’s like! #日本央行加息至31年高位 $BTC
