Short-term long lifeline—$82,000
Absolute lifeline—$80,000 region
All the positioning from here should be built around these two levels. In my view, as long as September holds steady and doesn’t break down by a large margin, in October the bulls will make a comeback.
Tonight, the short-term lifeline at $82,000 may still continue to be tested, because in the later timeframe there hasn’t been a clear sign of a reversal yet—so if going long, you should be a bit cautious.
If you want to buy in the $828–$825 range, be sure to have solid protection at $82,000. Alternatively, wait and observe during the evening; once tomorrow confirms that support is effective, then try entering. Because if the price breaks below $82,000, it may accelerate liquidations and move to test the absolute lifeline at $80,000.
Absolute lifeline—$80,000 region
All the positioning from here should be built around these two levels. In my view, as long as September holds steady and doesn’t break down by a large margin, in October the bulls will make a comeback.
Tonight, the short-term lifeline at $82,000 may still continue to be tested, because in the later timeframe there hasn’t been a clear sign of a reversal yet—so if going long, you should be a bit cautious.
If you want to buy in the $828–$825 range, be sure to have solid protection at $82,000. Alternatively, wait and observe during the evening; once tomorrow confirms that support is effective, then try entering. Because if the price breaks below $82,000, it may accelerate liquidations and move to test the absolute lifeline at $80,000.
