9.19 Bitcoin Analysis

In the short term, after yesterday's significant rise, the current bulls have entered a correction phase. The trend is still upward, but the pace and momentum have slowed down. Currently, it maintains a high-level oscillation and consolidation, replacing a pullback correction with horizontal consolidation. As long as the price does not break key levels, there is hope for another upward surge.

After a rise and subsequent pullback yesterday, it stabilized around the middle track of 116500 on the four-hour chart. For today, we will continue to rely on this position for upward movement. In summary, the likelihood of an increase today is relatively high, with particular attention on the breakout situation at the key level of 118500.

BTC recommendation: 116500-116800, target 118500 (aggressive investors can buy at current price) #美联储降息25个基点 #BTC战略储备市场影响 #XRP ETF上线 #BTC #ETH