BTC Brother Hao’s Trading Strategy Today
As of mid-day on September 23, the BTC market continues to strengthen strongly. The current price is 87,009. It has been rising steadily during the day, and throughout the session it has refreshed the highest level since January this year. Over the past seven days, it has gained more than 15%. Quarterly returns have far outperformed gold and the U.S. stock market. The total market capitalization has returned to three trillion, and the overall bullish atmosphere with broad-based gains is strong.
Technically, the market has already clearly formed a bull-market confirmation structure. It has successfully regained and held above the 200-day and 365-day moving averages, and the MACD has turned positive across the board. The medium-to-long-term bullish trend is fully opened. However, in the short term, the RSI is approaching overbought conditions. Indicators at high levels are slightly dulled, and the market needs to consolidate and build energy in the near term. This is a strong consolidation pattern, not a top followed by a reversal.
At present, ETF fund flows are continuing to show net inflows, institutional accumulation is evident, and short positions liquidation is still ongoing. There is still plenty of upside room above. The key short-term support zone is 85,800–86,800. The overhead resistance is around 88,761.
Overall, the market trend is strongly bullish. Pullbacks are an opportunity to buy the dip. Today’s trading plan: place long orders in the 86,800–85,800 range. The first target is 87,800, and the second target is 89,000. If it breaks strongly and continues, it will push higher to test new highs around 90,300. #BTC走势分析 $BTC
As of mid-day on September 23, the BTC market continues to strengthen strongly. The current price is 87,009. It has been rising steadily during the day, and throughout the session it has refreshed the highest level since January this year. Over the past seven days, it has gained more than 15%. Quarterly returns have far outperformed gold and the U.S. stock market. The total market capitalization has returned to three trillion, and the overall bullish atmosphere with broad-based gains is strong.
Technically, the market has already clearly formed a bull-market confirmation structure. It has successfully regained and held above the 200-day and 365-day moving averages, and the MACD has turned positive across the board. The medium-to-long-term bullish trend is fully opened. However, in the short term, the RSI is approaching overbought conditions. Indicators at high levels are slightly dulled, and the market needs to consolidate and build energy in the near term. This is a strong consolidation pattern, not a top followed by a reversal.
At present, ETF fund flows are continuing to show net inflows, institutional accumulation is evident, and short positions liquidation is still ongoing. There is still plenty of upside room above. The key short-term support zone is 85,800–86,800. The overhead resistance is around 88,761.
Overall, the market trend is strongly bullish. Pullbacks are an opportunity to buy the dip. Today’s trading plan: place long orders in the 86,800–85,800 range. The first target is 87,800, and the second target is 89,000. If it breaks strongly and continues, it will push higher to test new highs around 90,300. #BTC走势分析 $BTC
