9.20 Cryptocurrency Morning Market Analysis



1. Night Market Review

Bitcoin: The decline at night was significant, with the price dropping to the 115,000 level, followed by a period of consolidation, temporarily stabilizing.

2. Technical Analysis (Taking Bitcoin Hourly Level as an Example)

Bollinger Bands (BOLL): The three lines are diverging sharply downward, with the lower band continuously moving down under the influence of the moving average, clearly indicating that bearish forces dominate in the short term.

Moving Average Trend: The current moving average is in a clearly weak channel, and the price is likely to continue to be under bearish pressure, maintaining a downward trend.

3. Operational Suggestions

Bitcoin: You can arrange short positions around the 116100 and 116600 levels, with the downward target looking towards the 114800-114200 range.

Two contracts: You can build short positions around the 4520 and 4560 points, with the lower target looking towards the 4420-4370 range.
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