9/6 bitcoin (long)

9月6日

Hello, this is full-time investor full_time_trader88.

Here’s a Bitcoin update for September 6.

Let’s dive right in without further delay.




(Trendline Perspective)

⚫️ Downtrend Line

On the Bitcoin chart, we have a well-defined downtrend line that has been touched five times.

Typically, trendlines break after three or four touches, so seeing a 5th touch is relatively rare.
This indicates that the trendline is well-established and has acted as a reliable resistance each time it was tested.

Therefore, whether or not Bitcoin breaks through this trendline will be a crucial development.





(Horizontal Perspective)

⚫️ Resistance Level: $57,247

There has been persistent resistance at this level.

When viewed broadly, it's a 3-touch resistance, but if we zoom in, it becomes more like 7 touches,

making this level extremely important in the short term.

⚫️ Support Zone: $55,422–$55,620

This range has consistently acted as support.

At this point, we can see that Bitcoin is locked in a battle between this key resistance level and the underlying support zone.





Here’s a look at the combined picture, taking into account both the trendline and horizontal levels.






(Divergence Perspective)

🔵 Accumulating Divergence

On the 4-hour Bitcoin chart, we can see a buildup of bullish divergence.

Although divergence has been accumulating steadily, I believe it hasn't fully played out yet.

This suggests Bitcoin may be gathering strength for a potential move higher.

(In the worst case, it may never trigger. Divergences don’t always result in immediate action just because they’ve formed.)





(Daily Chart Perspective)

🔴 Daily Bollinger Bands

For the past 10 days, Bitcoin has struggled to break above the midline of the daily Bollinger Bands.

It has tested this level around four times but has consistently faced strong resistance.

Ideally, we’d like to see the current bullish divergence give Bitcoin the momentum to break above the midline of the Bollinger Bands.





(Channel Perspective)

🟠 Downward Channel

Bitcoin has been trading within a downward channel for the last 8 days, with a gradual decline.

While this slow downward movement has occurred, bullish divergence has been steadily accumulating, as mentioned earlier.

Currently, Bitcoin is holding at the lower boundary of the channel.

I personally expect an upward move from here soon (Though this is just my own analysis).





(Fibonacci Perspective)

🟢 Fibonacci 0.618 Level (54.5K)

This is the Fibonacci retracement level connecting the August low and August high.

The key 0.618 level points to 54.5K.

However, 54.5K is not just an important level from a Fibonacci perspective. It’s also the exact point where the large bullish candle formed in early August.

Therefore, in my analysis, the 54.5K level is highly significant.

As long as 54.5K holds above this level, I will maintain my bullish outlook.




Conclusion (3-Point Summary):

1. Bullish divergence is steadily accumulating on the 4-hour Bitcoin chart.

2. The 54.5K level remains critical in my analysis.

3. As long as 54.5K holds, I will maintain a bullish perspective.


This is a simple summary of my thoughts.

Please remember, this is not financial advice, just my personal analysis for your reference.

If you found this helpful, please consider liking and subscribing.

Thank you!

(Since I trade Bitcoin full-time, I’ll try to post updates frequently whenever possible.)



- This analysis is not a recommendation to buy or sell.
- It reflects personal views for informational purposes only.
- All investment decisions are at your discretion, and you are fully responsible for any actions you take.