#BTC 9.16 Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions



In the market's turbulent waves, I hope you can keep the lighthouse of your heart always bright, guiding you through the surging tides without losing direction. The Bitcoin weekly level shows high-level fluctuations, with weak rebound strength, and a high probability of continuing to retrace. The 4-hour level is gradually moving downwards, with the rebound highs also decreasing, overall in a stage of consolidation after a decline. The Bollinger Bands are slowly narrowing, and the short-term trend is stable but weak, with little chance of significant fluctuations in the short term. Although the downward direction is clearer, operationally, one can still take high short and low long positions, and after a key level breaks and stabilizes, one can follow the trend. The Ethereum trend is consolidating in sync with Bitcoin, with no significant increase in 4-hour momentum, the daily line remains stable, still in a buildup phase, waiting for the market to stabilize before starting to follow. Based on macro logic, the short-term pullback is due to profit-taking by funds and technical adjustments, while the liquidity easing brought about by interest rate cut expectations will continue to support medium to long-term trends, maintaining a bullish outlook for the afternoon.

You can go long on the noon pancake near 114800, targeting around 116500.
In the afternoon, you can go long on Ether around 4500, targeting near 4600 #美联储降息预期升温 #币圈趣事分享 #RWA赛道,你押谁 .
BTC-6,49%
ETH-6,82%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)