Xin Ya Sees Bulls Squeezing Bears as Bitcoin Targets Late September High Wick

Xinxuan, a market analyst, shared her thoughts on Bitcoin and Ethereum's recent price action in an interview. She emphasized that traders should be aware of their own responsibility for results, rather than blindly following her advice.

The average entry prices for Bitcoin and Ethereum are between $86,500 and $86,880, respectively, while the current prices sit above these levels. Xinxuan expects bulls to continue squeezing bears in the coming sessions.

She highlighted key levels to watch for both assets: support and resistance levels for Bitcoin at $83,500, $84,800, $85,300, $86,500, $87,500, $88,700, $90,000, and $92,100; and for Ethereum at $2,620, $2,680, $2,720, $2,782, $2,814, and $2,912.

Xinxuan recommended long positions in Bitcoin above $86,500 and in Ethereum above $2,738, with stop-loss levels set at $84,600 for Bitcoin and $2,700 for Ethereum. She also suggested shorting Bitcoin at $88,000 or Ethereum at $2,800.