During the early hours of September 17, BTC exhibited a fluctuating downward trend. In the afternoon, the price began to retrace from around 109600, gradually probing into the 108000 range, and the previous downward pressure rhythm has not been broken. From the perspective of short-term technical analysis, the bearish strength at the 4-hour and 1-hour levels continues to be released and is constantly strengthening, with rebound momentum consistently insufficient, highlighting the continuity of the downward trend.
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Morning:
During the early hours of September 17, BTC exhibited a fluctuating downward trend. In the afternoon, the price began to retrace from around 109600, gradually probing into the 108000 range, and the previous downward pressure rhythm has not been broken. From the perspective of short-term technical analysis, the bearish strength at the 4-hour and 1-hour levels continues to be released and is constantly strengthening, with rebound momentum consistently insufficient, highlighting the continuity of the downward trend.
2. Specific Trading Recommendations
BTC (Big Pie) - Short Selling Strategy
Entry range: 117000 - 117500
Target range: 115000 - 115500
Reference stop loss: It is recommended to set above 118000 to avoid the risk of one-sided breakouts.
ETH (Two Cakes) - Long Strategy
Entry range: 4430 - 4460
Target range: 4540 - 4620