On the afternoon of September 12, a share of operating recommendations and directions for Bitcoin and Ethereum
From the current market perspective, the 1-hour level shows that the market is in a volatile downward trend, with the Bollinger Bands opening downwards. The price is operating near the lower track, and short-term bearish strength is dominant. However, the support at 89000 is solid, allowing the price to continue to operate within a narrow range in the short term. From the K-line pattern, there are three consecutive bearish lines, with long bodies and increased trading volume, indicating enhanced bearish momentum. Recent highs are gradually moving lower, and the lows have not effectively broken down, forming a descending channel. In the short term, weakness may continue, as it is in a bearish-dominated volatile downward phase, but the effectiveness of the lower track support is key in the short term. In terms of operation, it is recommended to wait for a pullback to gather strength before entering long positions.
In the afternoon, Bitcoin can be bought near 89500 to 89000, focusing on 92500.
Ethereum can be bought near 3100 to 3070, focusing on 3200.
