Analyst Liang Qiu: On September 13, Bitcoin and Ethereum rose several times, and the altcoins rose at a high level.
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Bitcoin and Ethereum have seen a significant overall strengthening in recent days. More importantly, the pullback after the rally has been relatively minimal. This is a clear continuation pattern within an upward trend, characterized by sideways movement and subsequent upward momentum. Bitcoin surged past 116,000 in the early morning, and bulls are gathering momentum. Tonight, focus on support at 115,000. If support holds, the market will surge towards 118,000. The only downside support is 4,650. Once this support holds, a trend is established, and bulls will advance further. The key to this rally is the general surge driving altcoins, resulting in a strong overall trend. Daily candlestick patterns show recent price increases, forming multiple bullish candlesticks, indicating strong market sentiment. On the 4-hour chart, recent candlestick patterns have fluctuated at high levels, alternating between small bearish and bullish candlesticks, suggesting potential for short-term corrections. Technically, both the DIF and DEA are above zero, but the histograms are gradually shortening, weakening momentum and suggesting a potential pullback. However, the overall pullback is relatively minor, and the trend is clearly strengthening. After multiple pullbacks to establish a bottom, the market is poised for another upswing. Tonight's trading strategy recommends buying Bitcoin around 115,000 to 115,500, with a target around 117,000; and buying Ethereum around 4,660 to 4,690, with a target around 4,780. In fact, the recent continuous profit-making from long positions is clearly visible to many followers. The current market is primarily characterized by range-bound fluctuations, so the publication of this article is effective and focuses on real-time guidance.
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