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Analyst Liang Qiu: Bitcoin and Ethereum fell as expected after breaking through on September 15, and are waiting for further retracement after repair in the evening

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After Bitcoin and Ethereum broke through the 4,600 and 116,000 levels in the afternoon, investors decisively entered short positions. The strategy outlined in the article and video reflects this. The market briefly dipped to 114,600 and 4,495 levels. There has been some recovery, but the momentum is weak, and the market remains weak, with further room for further declines. Bitcoin's technical structure suggests a relatively balanced balance of forces between bulls and bears. While the daily chart shows a bullish trend, trading volume has significantly decreased, weakening market momentum and suggesting a lack of clear direction in the short term. Prices are currently fluctuating between 115,000 and 116,000, forming a high-level consolidation pattern. The 2-hour chart shows consecutive negative closes, weakening MACD momentum and suggesting a weak short-term trend. While the daily MACD remains in bullish territory, signs of a death cross have emerged, emphasizing the need to be vigilant against volatility risks associated with directional fluctuations. While Ethereum's moving averages remain bullish, with a bullish engulfing pattern forming at support, trading volume continues to decline, reflecting limited market participation and the difficulty of a meaningful breakout. The daily chart has closed with consecutive negative candlesticks, and the 2-hour highs and lows have moved down simultaneously, indicating a strengthening of short-term bearish momentum. The MACD and EMA indicators also point to a bearish advantage. For tonight's trading, we recommend continuing to short Bitcoin around 115,300 to 115,800, with a target around 113,500; and continuing to short Ethereum around 4,540 to 4,570, with a target around 4,450. In fact, the recent continuous profit-making from the positions is clearly visible to many who follow. 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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