Sunday, September 20 BTC Morning Outlook
Bitcoin surged yesterday, firmly reclaiming the $80,000 mark in one move and reaching above $81,600 at its peak, with a single-day gain of nearly 6%. The broader market rose across the board. A large part of this surge came from short positions being liquidated, forcing bears to stop out and directly pushing the price higher, with more than 100,000 people liquidated within 24 hours.
After yesterday’s sharp rise, Bitcoin is not charging higher as aggressively today and has entered a high-level consolidation phase. The price is oscillating around $81,000, attempting to break higher, but bullish momentum is clearly weaker than yesterday’s.
On the 4-hour chart, the moving averages remain in a bullish alignment, and the broader uptrend is still intact, with the price holding firmly above the short-term moving averages.
However, there is a key point: the MACD red bars are gradually shortening, indicating that upward momentum is fading. The price remains at a high level while the indicator is failing to rise, forming a potential bearish divergence signal and warning of a pullback. The Bollinger Band upper rail is firmly capping the price, making it difficult to break through in one move.
Go long on a pullback to 80,300-80,800, targeting 81,500-82,500
For ETH, go long on a pullback to 2,590-2,610, targeting 2,640-2,690$ETH $BTC $XRP #BTC重回81K