#BTC#9.22 Morning Bitcoin Ethereum market analysis and trading suggestions
Good morning! No matter how many unfinished stories there were last week, a new chapter is waiting to be written. Take a deep breath and give yourself a smile: Monday is not a burden, but an opportunity to choose how to adjust. Last week's market has concluded, let's review the overall market trend of last week. Bitcoin once again refreshed its recent high, peaking at around 117875 before facing pressure and retracing. It has started to show a fluctuating trend after retracing to the 115000 level. Ethereum also showed a back-and-forth tug-of-war trend over the week, and with the end of the weekend, the fluctuating market has also come to an end.
From the weekly level, the Bitcoin market is distributed in the upper area of the Bollinger Bands, presenting a three consecutive positive candle pattern. After forming solid support below, it shows a steady V-shaped rebound pattern, with continuity still present and upward space still existing. A brief pullback is just a normal repair adjustment and will not affect the overall upward trend. The subsequent rebound trend remains relatively strong. From the daily level, the market continues the normal weekend repair pattern, presenting fragmented negative and positive candles. From the MACD technical indicator perspective, the market shows a bottom divergence pattern, with the chart occupied by positive solid bars, and the fast and slow lines display an upward shape, with bulls continuously pushing up. Therefore, it can be concluded that a rebound after a pullback is inevitable. This week, it is recommended that Bitcoin continues to maintain a pullback and look upward.
In the morning, you can go long on Bitcoin around 115000, targeting around 116500.
In the morning, you can go long on Ether around 4450, targeting around 4550 #美联储降息25个基点##BTC战略储备市场影响##XRP ETF上线#.