【2024.7.9 BTC/ETH intraday market analysis】
Good afternoon, brothers. I just reviewed the market. Bitcoin and Ethereum have been jumping up and down like a monkey in the past two days. Brothers who do contracts should make a profit to protect their principal or make a moving stop loss as soon as possible, because you don’t know when the market will start to reverse. Don’t turn profit into loss!
Ethereum’s spot ETF is approaching again. Before the extension is confirmed, there is this positive expectation, and the trend is very strong. Bitcoin is relatively weak because Germany has been smashing the market in the past few days. As long as it does not fall below the previous low of the 7.5 pin, Bitcoin and Ethereum can be bought on dips!
Intraday market analysis:
$BTC daily line bottom sideways, small-level wide fluctuations, just inserted into the first support level of 5.55 given by me in the evening in the early morning and then began to rebound to around 5.73.
Pay attention to the position of 56460 today. As long as the 4-hour closing does not fall below this position, the 4-hour level will continue to rebound upward. Pay attention to the upper target/pressure level near 57440-58200-59300!
If the 4-hour level closing falls below 56460 today, then this wave of 4-hour level rebound fails and the market turns bearish. Pay attention to the lower support level near 55700-54900-54260-53350! #BTC走势分析
$ETH The daily line is sideways at the bottom, with a small-level wide fluctuation. After the 4-hour level closes at 2985 in the early morning, it rebounds to the first target position of 3080 that I gave.
Today, pay attention to the two positions below 3025-2985. As long as the 4-hour closing line does not fall below 2985, the 4-hour level will continue to rebound upward. After standing firm at 3080, pay attention to the upper target/pressure level near 3100-3185!
If the 4-hour level closing line falls below 2985 today, then this wave of 4-hour level rebound fails and the market turns bearish. Pay attention to the support level below 2930-2885-2848-2801! #ETH走势分析
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