Bitcoin hits a new low, while Ethereum remains on the sidelines! 9.17 Bitcoin Yitai Market Analysis and Operation Ideas

Mid-Autumn Festival is open, happy Mid-Autumn Festival everyone! Last Sunday, we gave a short-selling idea for Bitcoin at 60200-60500. On Monday morning, we suggested going long at around 58000. In the afternoon, we gave a short-selling idea for Bitcoin at around 59300 and Yitai at 2330. Both were verified by yesterday's market! Both long and short positions are easy to grasp! Congratulations to friends who follow the idea!

Bitcoin hit a low of 57493 at midnight yesterday to stop the decline. In the morning, it closed with a long shadow line. It has been three consecutive negative lines. The three lines of KDJ turned downward from a high position to form a preliminary dead cross. MACD has also begun to shrink slightly. It can be seen that the bulls have been temporarily reversed, and the daily line has begun to turn to shorts!

In the four-hour chart, the price of the currency has risen above the upper Bollinger band since last Friday, and fell below the lower Bollinger band in just three days. It is currently correcting and running above the lower band. It rebounded in the early morning and has been up for two consecutive days. The attached chart indicator also shows obvious signs of turning at a low level. It can be seen that there is a strong demand for rebound repair in the short term! According to the comprehensive on-chain data, large households and institutions have not been monitored for large-scale shipments, so Conan does not recommend being overly bearish. You can look at a wave of rebound repairs during the day! The support below is around 57500, 57000 and 55500, and the pressure above is around 58600, 59500 and 60600

9.17 Bitcoin operation ideas: 57700-58000 long, target around 58600, break and hold around 59000-59300

59300 short, conservatives enter the market around 59800, defend above 60600, target around 58600-58000, break and hold around 57500

Ether operation ideas: enter the market around 2250 and go long, target around 2280-2300, break and hold around 2330

2350-2380 short, target around 2300-2270-2250, break and hold depending on the situation!

The interest rate cut is imminent this week. Whether it can boost the crypto market is still unclear. Use stop loss to control risks! Large investors and institutions are entering the market to ambush interest rate cuts. We need to be more vigilant about shipping and causing the market to fall sharply! If you don’t understand the market, you’d better wait and see. If the point is reached, enter. If the point is not reached, wait and see. Only by keeping the principal can you have a chance! Ideas are shared every day, and you can check it by following the ✔️ rate! I hope that the repeated analysis every day can help more friends! If you don’t understand or can’t do it well, you can look for Conan’s ideas and rush together!！！#加密市场急跌 #美联储利率决议公布在即