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Morning analysis on 9.16
Bitcoin dropped to a low of 114,300 yesterday before rebounding. The key resistance above remains focused at 117,000. This level has previously suppressed prices multiple times, causing the market to encounter resistance and retreat, indicating strong selling pressure.
If the current rebound approaches 117000 again, the strategy of short positions can be extended, and attention should be paid to the price's performance under pressure near the resistance level.
Operation Recommendations
The Bitcoin is fluctuating in the range of 116000-116500, with a target looking down towards around 114000-114500. If it breaks below 114, it will continue to look down towards around 1126.
Near 4540-4570, the target is looking down towards around 4400. If it breaks below, continue to look down towards around 4330 #美联储降息预期升温 #币圈趣事分享 #RWA赛道，你押谁 .