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Bearish

Black Friday surges against the trend—be cautious about chasing! A good opportunity to short for the long term! September 19 Bitcoin and Ether outlook



On Black Friday, Bitcoin once again broke above the 81000 level, while Ether broke below 2600, but there is no positive news in the market. It seems to be driven solely by capital, namely 🐶market makers jointly squeezing shorts. In this situation, going long is definitely inappropriate. Although yesterday’s short position unfortunately hit its stop-loss, my firmly bearish outlook remains unchanged. Continue lying in wait for a rebound!

Internationally, the US-Iran situation has continued for seven months, with still no signs of easing. Although a year ago Trump claimed in a UN speech that the US strikes on Iran’s nuclear facilities had achieved decisive results, there is now no real ability to take action. Everyone is speculating about whether Trump will escalate the situation again around the midterm elections. At present, this possibility is very high, so the strategy of shorting at high levels fits the current predicament very well. Therefore, remain committed to shorting!

September 19 Bitcoin and Ether outlook

Continue shorting Bitcoin at the current price of 81500-82000. More conservative traders can enter at 82500-83000, with defense near 84000. Short-term targets are around 80500-80k-795000, medium-term targets are around 79000-78500-78000, and long-term targets are 77000-76000-75000. If it continues to break down, move the stop-loss to lock in profits as appropriate!

Continue shorting Ether at the current price of 2620-2650. More conservative traders can enter at 2680-2720, with defense near 2760. Short-term targets are 2550-2500, medium-term targets are 2450-2400, and long-term targets are around 2350-2300. If it continues to break down, move the stop-loss to lock in profits as appropriate!

The Federal Reserve is raising interest rates, while the dot plot shows that it will continue to cut rates once more this year. Polls show that Trump has a relatively low probability of winning the midterm elections, and the lack of improvement in the US-Iran situation is also bearish. Therefore, maintain a long-term bearish outlook and wait for substantial profits!
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ETHETH+6.40%


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StarrySkyEarnsOneHundred
28 minutes ago
Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go Go
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THZTHZ
40 minutes ago
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ConanTrendIsKing
an hour ago
AuthorFirst Review
The Fed raised interest rates, and the dot plot shows that it will continue to cut rates once more this year. Polls indicate that Trump has a low probability of winning the midterm elections, while the lack of improvement in the U.S.-Iran situation is also bearish. So stay long-term bearish and wait to reap big gains!
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