Friday, September 20, Bitcoin morning market view

Temper your will in challenges, create glory in adversity, and every persistence is a solid step on the road to success.

Since the implementation of the interest rate cut policy, the price of Bitcoin has continued to rise. Yesterday, it once touched around 63,800 and then fell under pressure. It is currently stable at around 63,000. In yesterday's market fluctuations, our strategy also made some gains: in the morning, we were bearish and seized the 1,000-point downside space; in the afternoon, we continued to be bearish and lost 600 points; in the evening, we turned bullish and successfully recovered 800 points. Overall, it is still profitable.

In the current strong market, the price of Bitcoin has a short correction, but from the daily line structure, the upward trend is still obvious. The K-line chart has shown positive lines for three consecutive days. As the saying goes, "nothing happens more than three times." These three consecutive days of positive lines indicate that the bulls are strong and the possibility of continued rise is relatively high. At the same time, the moving average indicator and the Bollinger Bands are both showing an upward trend. Therefore, even if there is a correction in the short term, it is just a normal adjustment after the increase. Therefore, in the subsequent operations, we should still maintain a bullish view.

For the trading suggestions on Friday morning, it is recommended to go long in the 62500-62300 range of Bitcoin, and the target price is 64000-65000;

For Ethereum, it is recommended to go long in the 2440-2420 range, and the target price is 2550-2600.

A good trading mentality is to maintain oneself in the changing market and grasp the balance in price fluctuations, so as to open the door to wealth. #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC #moonbix #BananaGun钱包被盗 $BTC $ETH $BNB