[2024.8.31 Bitcoin and Ethereum intraday market analysis]

Good afternoon, brothers. Unknowingly, another month has passed. This month, Bitcoin has fluctuated by 30 points or more. Some brothers should have received spot goods at the bottom, and more brothers should have no more contracts to play with. This reminds me of a sentence: Flowers may bloom again, but coins will never be young again. After the contract is lost, return home to cultivate good fields!

The fear and greed index was 50+ a few days ago, and it became 29 today, which means that everyone is starting to panic again. But brothers, don’t be afraid. The decline is an opportunity for Bitcoin to build positions in batches. If it rises, I hope it will fall and pick you up. Now that it has fallen, you dare not buy it again. You always want to buy at the lowest point. Who can do this?

Today's market analysis:

$BTC After breaking through the first support level in the early morning, the big cake began to rebound to the second pressure level. Pay attention to the position of 59060 today. As long as it stands above this position, the 1/2 hour level will rise and the 4 hour level will begin to rebound. Pay attention to the upper pressure level near 59665-60200-61100 (only when it stands above 61100, this wave of daily level correction will be considered over)

If it falls below 59060 today, it means that it cannot rebound at present. Pay attention to the lower support level near 58480-57825-56990! #BTC走势分析

$ETH After Ethereum hit the first support level in the early morning, it began to rebound to the third pressure level. At present, it has rebounded from 1/2 hour level to 4 hours level. The pressure level above the rebound should pay attention to the positions of 2535-2563-2594 (only when it stands above 2620, this wave of daily level correction will be considered over)

If it cannot go up to the pressure level today, then pay attention to the position of 2506 for a small-level retracement. If it falls below this position, this small-level rise will end and the market will start to go down. Pay attention to the support level below 2480-2432-2387! #ETH走势分析

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