September 14, Zhang Lihui: Bitcoin evening market analysis and trading recommendations:
Yesterday's article on the big coin was not updated in time, and the long layout did not give a chance to pull back, but the bullish direction was correct, and the target of 58,900 was also reached. The range of 59,000-59,300 was directly broken through, so you can reduce your holdings. The bullish target can continue to rise.
The current candlestick is challenging the range of the daily EMA60-EMA80. The short-term indicators are still strong. Breaking through this range is not a big problem. Therefore, we can only consider a short position entry if the top EMA120 and the retracement line range are not broken. Although the current bullish trend is strong, Zhang Lihui advises that those who have entered at a low position can hold, but those who have not entered yet should not blindly chase long positions. This position is also critical. The saying goes, don't chase long positions when they are bullish, to avoid being trapped at high positions. If there is an opportunity for a short-term market pullback, you can also consider adding positions around the EMA30 level for stability!
Based on the above, Lihui provides two recommended trading strategies:
Recommend taking a light long position in the retracement range of 58,500-58,800; stop loss at 58,400; target at 59,900-60,800, and if the position is broken, continue to hold;
Recommend taking a short position if the retracement range is not broken in the range of 60,500-60,900; target at 59,800-59,100, and if the range is directly broken, then continue to adjust the short selling positions;
There may be a delay in the review and push of the article, as the market changes rapidly. Specific opportunities for entry should be combined with real trading and rely on real-time notifications. The recommended positions in the article are for reference only. Be cautious about heavy positions. When entering, please set good take-profit and stop-loss levels and take profit when the situation is favorable.