Analyst Liang Qiu: The rebound and pullback on 9.19 perfectly validates the Kongdan strategy. Bitcoin and Ethereum still have room for retracement.
Bitcoin Ethereum yesterday's article strategy and the repeatedly reminded raising the Kongsan idea in the video, the market has also risen and fallen as expected multiple times, and the overall space of Ether is obviously much larger. Currently, the market's rebound after the decline is not obvious, and the upper pressure has repeatedly failed to break through, indicating that the market still has further downward space.
Bitcoin has repeatedly surged but failed to break the important resistance level of 118,000 to 118,500. Ether is obviously in a weaker position, with good points continuously moving downwards and rebounds being relatively poor. Looking at the daily and four-hour levels, it shows a pattern of surging and then falling back, having touched the upper band of the four-hour Bollinger Bands multiple times before starting to decline. It is currently hovering around the middle band and is expected to further test the lower band at the 4,450 level. The support levels to watch below remain unchanged at 4,400 and 114,000.
It is recommended to short Bitcoin around 117000 to 117500, with a target near 115500; continue to short Ether around 4550 to 4570, with a target near 4470.
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