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September 15, Monday early morning Bitcoin and Ethereum market analysis and trading suggestions
There is no need to compare speed with others; everyone has their own time zone. Focus on doing well in the present and live seriously; you are already remarkable. Looking back at the intraday market trends, Bitcoin shows a typical fluctuation and consolidation pattern. During the morning session, Bitcoin was under pressure and fell back from a high of 116075, dipping to a low of 115406 before finding support; after a brief consolidation, it once again surged to around 116118. In the evening, the price continued to pull back, stabilizing after hitting a low of 115100. Ethereum's trend has been fluctuating downwards from a high of 4691, with the intraday low reaching the 4575 line. We accurately predicted the market's pullback trend this morning, and the intraday market evolution completely aligned with our expected judgment, once again validating our accurate grasp of the market rhythm.
From the current 4-hour K-line trend, the market has encountered significant selling pressure near the resistance level of 116605 after experiencing a strong rise. The price failed to maintain its upward momentum after reaching this area, instead exhibiting a technical pattern of oscillating downward. Throughout the weekend, the price has not effectively broken through, with each rebound accompanied by shrinking trading volume, indicating a clear lack of bullish sentiment in the market. In the early morning, we continue to maintain our bearish outlook.
Bitcoin: Short position can be opened around 116000, short-term target 114500
Ethereum: Can short around 4620-4640, short-term target 4530
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