9.9 Tuesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions Life may temporarily blur your direction, but as long as you don't give up running, you will definitely find your own track. From the current market trend, the market showed a volatile upward trend yesterday, but has not effectively broken through the key resistance level above. From a technical analysis perspective, although there was an attempt to test the pressure area during yesterday's trading, the market's buying momentum was somewhat lacking. During the European and American trading sessions, the price once touched the intraday high, but then encountered a short-seller attack, forming a clear pattern of a sharp rise followed by a drop. Entering the early morning hours, the market sentiment underwent subtle changes, with some short-term bulls choosing to take profits, leading to a technical price correction. From the candlestick pattern, this candle with a long upper shadow indicates that the selling pressure above remains heavy. Overall, in the short term, the bulls indeed seem very strong, but in fact, they are paper tigers and have failed to maintain strong performance, so we continue to hold a bearish outlook.
Bitcoin: Short position near 113000, short-term target near 111000
Ethereum: Short position near 4380, short-term target near 4250 #山寨币市场回暖 #币安Alpha上新 #美联储降息预期