$BTC $ETH 9.29 Afternoon outlook:
The morning outlook played out, with the analysis proving completely accurate. The opportunity to go long ETH was identified in advance this morning, and after patiently waiting for the price to pull back into position, the live entry was announced in the morning. A long position was placed at 2651, with the target directly set at 2700. The market then gathered momentum and surged, hitting take-profit smoothly for a 49-point gain. Many people panic at even a slight intraday pullback, exit their positions early because they cannot hold on, and watch helplessly as profits slip away. The hardest part of trading is not finding an entry point, but enduring volatility and holding your position. Only by understanding the market and staying patient can profits be securely locked in. Friends who have kept up with the rhythm should continue enjoying the gains.
The daily chart continues to contract and consolidate, with the trading range narrowing further and further as the market waits for increased volume to choose a direction. The candlesticks are moving sideways in a star-line pattern, and the sideways period has lasted quite a while. News catalysts are needed to break the current deadlock, while the indicators have now entered a muted consolidation phase. On the 4-hour chart, focus on resistance around 85000. After the previous large bullish candle drove the market higher, the rally paused, and the short-term trend began pulling back for a correction, turning into back-and-forth trading within a range. For now, there is not enough strength for a one-sided move. After consecutive bullish candles and a rebound on the 1-hour chart, bullish momentum has failed to keep up, and short-term momentum is weakening. If the market cannot break strongly upward today, it will most likely continue grinding back and forth, or even pull back slightly. For short-term trading, follow the range strategy of selling high and buying low; wait for a confirmed breakout before following the subsequent direction. Overall, maintain a range-bound approach for intraday trading. #Anthropic招股书:高增长与高亏损并存 #BTC理财享3%加息年化
Bitcoin: Short in the 84500—84800 range, targeting 82700
ETH: Short in the 2720—2740 range, targeting 2640.