September week 1, Monday.
In September, we are destined to have good luck and prosper together.
Today, the weekly and monthly closing was not too good, slightly worse than expected, but it does not affect the several points I mentioned last night (feel free to check if needed).
Today, US stocks are still closed. To put it simply, the intraday pressure level for Bitcoin is around 108500. After the morning pullback, this is the first resistance level. Only if this level is broken can we sequentially see around 109600-110800. Conversely, the next pullback will need to watch around 106300-105000. For a conservative long position, simply wait around these two levels.
As for the current position, it has actually been three days in the making. Logically and emotionally, I need to test a position. When others are fearful, I am greedy; there won't be much risk, and even if it continues to weaken, a pullback after testing the next support can easily come back up. (Consider for yourself, not investment advice)
The closing for the second item looks slightly better, but it is also dragged down by the market. As long as it does not break below 4332, we can look for some rebounds. However, if we want a stronger rebound, we need to break through the intraday pressure around 4430. If this level cannot be breached, the next pullback will need to focus on around 4250-4186. Conservative long positions can wait in this range.
