9.9 Tuesday early morning Bitcoin Ethereum market analysis and trading suggestions

Don't be afraid of the difficult steps at this moment; every moment you grit your teeth and persist is paving the way for a smooth future. Those obstacles you thought you couldn't overcome will, in hindsight, become badges of growth. From now on, replace hesitation with action and turn anxiety into motivation. The answers you seek are hidden in every moment of giving your all. Market review: The daily trend shows a pattern of first declining then rising. During the morning session, the price was pressured down from the 111600 line, dipping to a low of 110621 support before stabilizing. Subsequently, bullish forces gradually gathered, pushing the price to exhibit a steady oscillating upward trend, with the evening session reaching a daily high of 112924. On the Ethereum side, more pronounced signs of accumulation were exhibited, with the price completing thorough consolidation within the 4335-4280 range, followed by a significant surge in the evening session, hitting a resistance level of 4384. Unfortunately, our bearish strategy for the day did not go as planned, as the short position we laid out ultimately hit the stop loss and exited. Overall, bearish forces are temporarily hindered.
From the current technical pattern of the market, the 4-hour K-line chart shows a typical V-shaped reversal trend. The bearish momentum has not continued the downward trend, but instead, after gaining support below the middle track of the Bollinger Bands, it has started to rebound. After recovering the lost ground at the middle track, the price has continued to rise. Currently, although it has encountered short-term resistance near the upper track, the price has reached the pressure level of the upper track of the Bollinger Bands, as well as the previous pressure zone. It is expected that there may be a wave of technical correction during the early morning period. From the 1-hour K-line chart, the market bullish momentum has significantly weakened, and after touching the key resistance level, the price has not continued its upward trend. In the early morning, a correction is expected first.
Bitcoin: Short position can be taken near 112600-113000, with a short-term target of 110700.
Ethereum: Short position near 4380 with a short-term target of 4280
#Gate Alpha晒单挑战 #RWA 总规模持续增长 #山寨币市场回暖