Analysis of BTC morning thoughts on September 18 (Thursday)

1. Core Market Review

1. Policy Impact: The interest rate cut fixed at 25 basis points at midnight led to a market surge as expected, but it ultimately failed to break through the 117,000 point level, and then began to correct.

2. Key points: After the news, BTC retraced to around 114700 points, breaking through the 115000 points support level, validating the effectiveness of the short position strategy.

3. Technical signals: After BTC surged below the upper band of the Bollinger Bands, it failed to break through and subsequently retreated, further confirming that the current bearish outlook remains unchanged.

2. Morning Operation Suggestions

Shorting range: 116600 - 117100 points

First target: 114500 points

Follow-up strategy:

If it breaks through 114500 points, it can continue to look down to 113000 points;

If it does not break through 114500 points, you can reverse and set up a long position.