Analyst Liang Qiu: Bitcoin and Ethereum rose sideways on September 19 and are still fluctuating in the short term

Since bottoming out and rebounding early last night, Bitcoin and Ethereum have been trading sideways and volatile, with overall bullish and bearish momentum lacking. We repeatedly highlighted our strategy of targeting levels above 4620 and 117,500 during the day. Bitcoin (BTC) fluctuated back and forth by hundreds of pips throughout the day, while Ethereum (ETH) repeatedly dipped to around 4550. While the overall fluctuations were modest, Ethereum (ETH) was still able to gain some ground. The overall short-term trend is currently strong, with Bitcoin (BTC) particularly poised to retest the 118,000-118,500 range. A further upward move followed by a decline in the early morning hours is expected. Bitcoin and Ethereum's daily candlestick charts suggest continued range-bound trading. Following repeated dips, the rebound formed long lower shadows, indicating strong buying support at lower levels. The 4-hour candlestick chart shows a series of small bullish candlesticks, with the latest candlestick closing near the high, indicating a short-term bullish bias. Technically, the 4-hour MACD histogram has turned positive, with the DIF line crossing the DEA line, strengthening bullish momentum. The daily MACD remains below zero, but bearish momentum has weakened. Early morning trading suggests continued shorting of Bitcoin around 117,700 to 118,300, with a target around 116,000; and shorting of Ethereum around 4,610 to 4,640, with a target around 4,530. The recent continuous profit-making from these positions is clearly visible to many who follow the market. The current market is primarily characterized by range-bound fluctuations, so this article is highly effective, focusing on real-time guidance.