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Analyst Liang Qiu: On September 16, Bitcoin and Ethereum had multiple short positions and won big, preparing for a trend change.

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Bitcoin and Ethereum have been repeatedly trading higher in recent days, with the market fluctuating downward, including near 4540 and 116000 in the morning session. Kongdan's market also fell as expected to 114600 and 4420, showing good overall potential. As all strategies were announced in advance, the market has rebounded again. Overall volatility is relatively modest, fluctuating within a few thousand points. Keep an eye on the 116500 and 4540 levels for resistance in the early morning hours. The daily candlestick chart shows three consecutive days of negative closings, with prices gradually retreating from highs, forming a short-term downtrend. The 4-hour candlestick chart shows a fluctuating downward trend, with multiple negative candlesticks with long upper shadows, indicating heavy selling pressure from above. Technical indicators on the 4-hour chart show both the DIF and DEA diverging downward, with green bars continuing to expand, indicating increasing bearish momentum. Currently, declines are accompanied by high volume, while rebounds are characterized by insufficient volume, indicating weak bullish momentum. For early morning trading, we recommend continuing to short Bitcoin near 115,800, targeting 114,000. We also recommend continuing to short Bitcoin near 4470 to 4500, targeting 4380. In fact, the recent continuous profit-making from our positions is clear to many followers. The current market is primarily volatile, so this article is effective and focuses on real-time guidance.
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