The first rebound of Bitcoin was from 1072 to 1094, the second from 1072 to 1098, the third from 1074 to 1106, and the fourth from 1083 to 1118. This week's rebound of Bitcoin is visibly recovering, confirming what I mentioned about buying on dips this week and prioritizing the consideration of rebounds. My trading strategy this week has consistently been to place orders at lower points without making a single mistake. (1073-1093, 1076-1103) I made a profit twice and missed out once.
Currently, Bitcoin is recovering with a four-hour rebound and is approaching the key level of 111800. This level is crucial; if it does not break, there will be no establishment. If the rebound continues with this momentum, it is essential not to test the lower range of 1080-1070 again. If it goes down to test again, it can be almost certain that it will break and fill the lower level of 105. However, if it breaks above 1118, we can look towards around 1036, and the likelihood of a retest will be relatively low. For today, there is no rush to open positions at this level; whether it will break or not cannot be accurately predicted, and we can only rely on speculation. It’s better to wait for the evening’s pullback to finish before entering. We can first observe the support levels at 110000-109300, but if the rebound is strong enough, there may not be an opportunity to pull back to 1093. If we enter, we must set a stop loss around 1080, with target levels of 111800-113600-11500. For now, we will tentatively target these two levels during the day, and I will share the specific levels based on market trends later.
The current situation of the second contract is still relatively weak. The four-hour rebound has not yet recovered, and after yesterday's pullback near 4250, the intensity of the pullback has weakened. Let's first see if the intraday high of 4360 can be refreshed again. The rebound will only be considered somewhat promising if it breaks through 4430; otherwise, it will likely continue to test 4250-4200. Let's wait for a better position. Support below is at 4250-4200-4100. Resistance above is at 4430-4500-4600. #九月份加密市场能否突破##BTC#
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wednesday, September 3
The first rebound of Bitcoin was from 1072 to 1094, the second from 1072 to 1098, the third from 1074 to 1106, and the fourth from 1083 to 1118. This week's rebound of Bitcoin is visibly recovering, confirming what I mentioned about buying on dips this week and prioritizing the consideration of rebounds. My trading strategy this week has consistently been to place orders at lower points without making a single mistake. (1073-1093, 1076-1103) I made a profit twice and missed out once.
Currently, Bitcoin is recovering with a four-hour rebound and is approaching the key level of 111800. This level is crucial; if it does not break, there will be no establishment. If the rebound continues with this momentum, it is essential not to test the lower range of 1080-1070 again. If it goes down to test again, it can be almost certain that it will break and fill the lower level of 105. However, if it breaks above 1118, we can look towards around 1036, and the likelihood of a retest will be relatively low. For today, there is no rush to open positions at this level; whether it will break or not cannot be accurately predicted, and we can only rely on speculation. It’s better to wait for the evening’s pullback to finish before entering. We can first observe the support levels at 110000-109300, but if the rebound is strong enough, there may not be an opportunity to pull back to 1093. If we enter, we must set a stop loss around 1080, with target levels of 111800-113600-11500. For now, we will tentatively target these two levels during the day, and I will share the specific levels based on market trends later.
The current situation of the second contract is still relatively weak. The four-hour rebound has not yet recovered, and after yesterday's pullback near 4250, the intensity of the pullback has weakened. Let's first see if the intraday high of 4360 can be refreshed again. The rebound will only be considered somewhat promising if it breaks through 4430; otherwise, it will likely continue to test 4250-4200. Let's wait for a better position. Support below is at 4250-4200-4100. Resistance above is at 4430-4500-4600. #九月份加密市场能否突破# #BTC#