Morning thoughts on 9.23



The four-hour level continues to show a weak downward trend. Although the price is operating along the lower band of the Bollinger Bands, the strength of the small-level rebounds and corrections has always been insufficient, failing to form an effective reversal signal.

Currently, there are no continuous small bullish candles or strong long lower shadow line bottoming signals in the market. Instead, it is primarily characterized by a weak consolidation trend with gradually declining small bearish candles, indicating limited momentum for a bullish rebound. In terms of operations, it is still recommended to focus on shorting during rebounds.

Operational Suggestions
Bitcoin: Around 112800-113300, targeting near 111500.
Auntie: Around 4220-4250, aiming for around 4050 #加密货币
BTC0,03%
ETH0,03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt