Market Analysis for September 8👇👇👇
Don't be afraid of the long road; what you should fear is a lack of ambition. Every time you grit your teeth and persevere, you are accumulating strength for the future. Today marks the beginning of autumn; have you seized the opportunities in the cryptocurrency world?
Looking back at the market, Bitcoin rebounded strongly after hitting a low of 113520 last night, reaching a high of 115674 before retracting. This morning, it slightly retraced again, and the resistance at 116000 remains strong. After multiple attempts to break above 116000, it still has not surpassed this key range.
Ethereum continued to rise after a pullback last night, with a morning high of 3716 and strong upward momentum. The daily chart shows the market maintaining a range-bound oscillation, with the Bollinger Bands narrowing, indicating a choice of direction ahead. On the four-hour chart, after three consecutive bullish candles, there was a rapid pullback, and the market is oscillating again. The MACD energy bars continue to show negative momentum, with strong pressure above at 116000; short-term fluctuations may continue.
Intraday trading suggestions:
Bitcoin: Short positions near 115000, target 113500
Ethereum: Short positions near 3700, target 3600
Intraday focus: SPELL RPL STO EPIC HFT PHB
