9.13BTC Market

This article was written at 15:28. Looking at the daily chart, Bitcoin has failed to break through the 113,000 level several times before, but it has not experienced a deep decline either, and has continued to fluctuate at the bottom. Last night's CPI data was released, and the market took advantage of the momentum to rise. It has now reached 116,000 and closed with a long upper shadow. This resistance level is relatively critical. It is the 50% position from the high of 124,545 to the low of 107,211. Generally, this position is a key watershed between bulls and bears. In addition, the current trend of the daily chart is breaking out of the upper shadow. When Bitcoin was fluctuating at a high level, this level served as the lower support level of the concentrated chip area. It has now turned into resistance. In terms of trading, we can short around this point. The recommended point is around 115,500, and add to the position at 116,500, with a stop loss at 117,500. The target is the 111,000-110,000 range. Seize the opportunity to enter the market at your own pace. Click on the avatar above to open the personal homepage to discuss the market. Short-term trading, control risk, and manage profits and losses yourself.