Analysis of the BTC and ETH market on September 20th:

In yesterday's range-bound market trend, we mentioned that the short-term trend is mainly a Whipsaw market. Compared to the previous one-sided advantage, there is no obvious breakthrough in the upward and downward trends. In terms of the overall market environment, the Dow Jones index closed slightly down 0.28%, while the Nasdaq bottomed out and closed up 1.04% in the late session, and the overall market did not show much volatility. Looking at BTC during the trading session, the daily candlestick structure showed an oscillating upward trend, continuing to reach new highs, while the overall trend of ETH was weakly upward, and the daily candlestick structure of BTC showed a new high of around 94,000 points, quickly retracting to the normal range of 92,500-90,500 points in the short term. ETH did not show much performance in long positions yesterday, maintaining an overall balanced range of oscillation between 3,250 and 3,020 points. In terms of technical analysis, as mentioned by Lao Jin yesterday, short-term trends should be traded by selling high and buying low within the oscillation range, while maintaining the overall trend of long-term retracement and adding to the positions in the large range.

The short-term trend of BTC rose rapidly in the evening yesterday. There is no obvious volume-breaking trend above the high point of 93500 in the 4-hour structure, and the range quickly returned to the normal range of 91500-92500. The upward structure of ETH is affected by the resistance and is following the range near 3050-3150 in the short term. In terms of short-term trading, continue to consider the strategy of long positions based on the low point of the retracement!

BTC recommendation: Buy on the pullback to 91200-91300 points in the short term, with risk control at 90500 points, and target around 92500 points!

ETH recommendation: short-term retracement to 3040-3050 points to go long, risk control at 3000 points, target upward to 3150 points!