Analyst Liang Qiu: Bitcoin and Ethereum will continue to rise and fall in the early morning of September 30
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Over the past two days, driven by interest rate cut news, the stock has surged several times, reaching highs of 114800 and 4243 before retracing. Currently, the market has returned to the sideways range seen yesterday, offering some support below. However, the decline on the four-hour chart after the surge and retreat is not yet complete. In the short term, a weak rebound is expected, with further declines around the upper levels of 4150 and 113600. With the monthly chart closing soon, the stock closed with a negative sign, suggesting a continued downward trend. However, the stock remains relatively resilient. Focus on the continued decline over the next two days and the upward pressure at 114500. The daily candlestick chart shows that the price has rebounded gradually after the previous sharp drop, but is currently in a correction phase. Today's candlestick is a negative candlestick, indicating short-term bearish dominance. On the four-hour chart, the market has continued to decline from its high, currently forming a long upper shadow and a real body, indicating significant selling pressure. Technical indicators on the four-hour MACD histogram are shortening, with both the DIF and DEA moving towards the zero axis, indicating weakening momentum, suggesting a period of volatility or correction. Our early morning trading recommendations include shorting Bitcoin around 113,500 to 114,000, with a target around 112,000; and shorting Ethereum around 4140 to 4170, with a target around 4060. In fact, the recent continuous profit-making from the positions is clearly visible to many who follow. The current market is primarily volatile, so this post is effective and provides real-time guidance. Please follow our homepage for communication!
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