9.9 Tuesday morning Bitcoin Ethereum market analysis and trading suggestions

Life may temporarily blur your direction, but as long as you don't give up running, you will surely find your own track. Looking back at the market trends in the early morning, Bitcoin failed to continue its upward trend after reaching a high of 112924, instead encountering resistance and falling back, with the lowest point dropping to around 111896 before it stopped falling and rebounded. Ether also faced downward pressure from a high of 4384, fluctuating down to around 4281 before finding support and rebounding. Based on our judgment of the market trends, we accurately grasped this pullback in the early morning and timely provided short-selling operation suggestions, successfully realizing some profits.
From the current market trend, the price exhibited a fluctuating upward trend yesterday, but failed to effectively break through the key resistance level above. From a technical analysis perspective, although the market tested the pressure area during the day yesterday, the buying momentum was somewhat lacking. In the European and American trading sessions, the price briefly touched the intraday high but then encountered a short-seller attack, forming a clear pattern of a spike and pullback. Entering the early morning hours, market sentiment underwent subtle changes, with some short-term bulls choosing to take profits, leading to a technical correction in price. From the candlestick pattern, this candle with a long upper shadow indicates that selling pressure above remains heavy. Overall, although the bulls did not manage to maintain a strong performance in the short term, we continue to hold a bearish outlook.
Bitcoin: Short positions can be taken around 112500-113000, with a short-term target of 110000.
Ethereum: Short positions can be taken near 4330-4350, with a short-term target of 4200.
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