9.17 Bitcoin (BTC) Ethereum (ETH) latest market analysis

Bitcoin's price movement yesterday maintained a wide range of fluctuations, with both bulls and bears oscillating back and forth within the range throughout the day. It touched the support level near 114500 at the low point and rebounded. From evening to early morning, the price rebounded above 116000, and at the time of writing, it is running at 116800.

From the daily chart perspective, the price ended with a bullish candle yesterday, and during the day it broke through the previous high. In the short-term hourly chart, the price is continuously testing upwards, with bullish sentiment prevailing in the short-term market. If the price breaks through the 117000 level, the bullish trend will open up again. The short-term trend is in a range-bound upward movement, but it is still necessary to be cautious of the market touching the 117000 resistance and pulling back. The overall trend maintains a wide range of fluctuations, so the strategy should be to sell high and buy low. Pay attention to the stability around 117000 above and 114500 below.

Bitcoin short-term reference:
Short at 116800-117800, defend at 119800, stop loss: 500, target below 115500.
Long at the trial position 114800-113800, stop loss 500, defend 111000 to add, target above 115500.

The review of article publication has a delay, and the market changes rapidly. The above suggestions are for reference only. I cannot control the market, but I can.
By proactively preventing the risks we may encounter in our operations, effective risk control can ensure that our investments remain invulnerable!