Thoughts at noon on September 16

The big cake broke through the 60,000 mark and did not stabilize, but did not break through the previous high, and the morning market also ushered in a correction. And the short-term trend broke out of the strong downward trend, and the low retreated to around 58,000 before rebounding. The current price is running at 58,300. From the short-term 4-hour chart, the Bollinger Bands are in a closing posture. The price rebounded many times but failed to break through and stabilize the 60,000 line. The subsequent break below the middle track position is weak, and the 5-day and 10-day moving averages are hooked and pressed downward. The MACD fast and slow lines are gradually approaching and have a trend of dead cross. The bar chart turns from positive to negative. The short-term EMA7 has fallen below the medium-term EMA30 and is close to the long-term EMA120. If it continues to fall, it will confirm a stronger downward trend. There are many resistances above. If it cannot break through one by one in the future, the price may fall. Focus on the 57,000-line starting position in the future. If the market correction does not fall below this area, the upward trend will not change. On the contrary, the downward space is opened, and the other party’s callback is more low.

Bitcoin: 57500-58000+. Target 58500-59500

Ether: 2200-2240+. Target 2300-2350

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