Gold rises against the trend while coin prices remain sluggish; be cautious when buying the dip! 9.22 BTC ETH strategy.

Despite the strengthening of the dollar and rising U.S. Treasury yields, gold rebounded on Friday, marking its fifth consecutive week of gains. It even set a record high on Wednesday after the Federal Reserve announced a rate cut, before retreating amidst volatility. As expected, the coin prices have been sluggish following the announcement of the rate cut, with short positions entered at 918 midnight still being held. Currently, ETH is around three hundred points, and BTC is also over three thousand points. Friends who are in can consider reducing their positions or moving their stop-loss to protect profits!

The daily line closed in the red again, with the coin price testing the 60-day moving average once more. The Bollinger Bands are tightening, the KDJ has a dead cross and is diverging downward, and the MACD lines are both moving downwards with volume continuing to shrink. Overall, the trend is bearish, so Conan suggests focusing on shorting during rebounds! Watch for resistance levels at 116000, 117000, and 117800 above, and support levels at 114300, 113300, 112000, 111000, and 110000 below. For ETH, watch for resistance at 4440, 4500, 4550, and 4640 above, and support at 4320, 4270, and 4200 below.

9.22 short position strategy

Aggressive traders should short at the BTC rebound of 115700-116000, conservative traders should enter at 116500-117000, with a stop loss around 117500. The target is to look for 115000-114600-114300. If it breaks down, watch for 114000-113600-113300. Continue to adjust the stop loss based on the situation!

The aggressive traders short at the ETH rebound of 4440-4480, while the conservative traders enter at the rebound of 4530-4570, defending around 4600. The target is set around 4400-4350, with a breakdown looking at around 4320-4300. Continue to adjust the stop loss based on the situation!

Long position strategy:

BTC retracement 113300-113600 try to go long, defend around 113000, target look at around 114500-115000, if broken look at around 115500-116000

Try to go long on ETH retracement at 4270-4300, with a stop loss near 4240, targeting around 4350-4380, and if it breaks, look towards 4400-4430-4450.

If you gain nothing for a long time, then you should stop and think seriously. If you don't summarize and change, you will eventually be swallowed by the ups and downs. I do not allow myself to make the same mistake repeatedly. Since this month, the ranges given every day have roughly matched the coin price movements. If you haven't made any money from this, then you can choose to leave!