Analyst Liang Qiu: After a rapid decline of Bitcoin and Ethereum on 9.23, they are now in a sideways consolidation; the market has not yet stabilized.



Bitcoin and Ethereum began to decline rapidly in the early session after finishing the weekend sideways consolidation yesterday. They then started to move sideways again, but the overall rebound strength is not strong, and the trend remains weak. There is still further space for decline in the market, especially in the case of Bitcoin, which has repeatedly tested the 113500 support-resistance conversion level after breaking it, showing high volatility but currently lacking rebound strength.

The K-line pattern on the daily level shows a continuous decline and is currently in a low-level oscillation state. In the 4-hour level, after several consecutive bearish candles, there was a slight rebound, but overall it has not yet broken through the previous important resistance zone. In terms of technical indicators, both DIF and DEA are negative in the 4-hour cycle, and although the histogram has converged, it still remains below the zero axis, with a bearish trend prevailing; the MACD at the daily level is also in a death cross state, making it difficult to quickly reverse in the short term.


The operation suggestion is to short Bitcoin around 112300 to 112800, with a target near 111000; short Ether around 4160 to 4180, with a target near 4080.

#美联储降息25个基点# #BTC战略储备市场影响# #XRP ETF上线#
ETH2.82%
BTC-0.2%
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AnalystLiangQiubbvip
· 09-23 04:07
Pin
4180 has entered
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GateUser-e56dabd4vip
· 09-23 09:33
Analyst Liang Qiu: On September 23, Bitcoin and Ethereum quickly fell and then moved sideways; the market has not stabilized yet.
After Bitcoin and Ethereum ended the weekend's sideways movement yesterday, they began to quickly drop in the morning with Long Wick Candle, and then started to move sideways. However, the overall rebound strength is not strong, and the trend remains weak. The market has further dip space, especially for BTC, which broke the 113500 support-resistance conversion level and has repeatedly tested this level before retreating, and currently, the rebound lacks strength.
In terms of Candlestick patterns, the daily chart shows a continuous decline and is currently in a low-level sideways state. In the 4-hour chart, after several Bearish lines, there is a slight rebound, but overall it has not broken through the previous important resistance area. Technical indicators in the 4-hour cycle show that both DIF and DEA are negative, and although the histogram has narrowed, it remains below the zero line, indicating that short positions are dominant; the daily MACD is also in a death cross state, making it difficult to quickly reverse in the short term.

Trading suggestions: Enter short positions near Bitcoin 112300 to 112800, with a target around 111000; enter short positions near Ethereum 4160 to 4180, with a target around 4080.
#美联储降息25个基点# #BTC战略储备市场影响# #XRP ETF上线#
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7973vip
· 09-23 04:13
快上车!🚗
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