Analyst Liang Qiu: On 9.14, Bitcoin and Ethereum daily chart began to decline, and there is still room for a pullback in the evening.



Bitcoin and Ethereum have been fluctuating downwards since yesterday's daytime rally, and the four-hour chart is also showing a continuous decline, with the trend weakening. On the daily chart, after yesterday's spike and retreat, it closed with a bearish candlestick, and today's rebound strength is not significant. Moreover, in the evening, Ether further broke below 4600 and fell below yesterday's daily low, indicating a weakening trend with further downside potential in the evening. Currently, attention should be paid to the short-term resistance levels at 116000 and 4650.

The K-line pattern shows that the overall trend of the market is a high-point pullback. The daily chart closed with a long upper shadow yesterday, and today it continues to break the low point, indicating strong selling pressure above. In terms of technical indicators on the 4-hour cycle, the DIF and DEA are gradually converging, and the red bars are shortening, showing a weakening of bullish momentum; the MACD at the daily level is still in positive territory but shows signs of a death cross. The hourly trading volume fluctuates significantly, reflecting unstable market sentiment, with frequent turnover at high levels.

Evening operation recommendations: short Bitcoin around 115600 to 116200, target around 114000; short Ether around 4630 to 4650, target around 4540.

[The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication are not timely, and specifics are subject to real-time conditions] #币圈趣事分享 #RWA赛道,你押谁 #GUSD双重收益
ETH0.65%
BTC-0.04%
View Original
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
  • 2
  • Repost
  • Share
Comment
0/400
Sfmovip
· 09-15 03:03
1000x Vibes 🤑
Reply0
GateUser-7552f371vip
· 09-14 15:05
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)