2024.7.9 Analysis of the day

Ethereum's spot ETF is approaching again, with positive expectations. Without a confirmed extension, the trend is strong. Bitcoin is less affected by the German government's sell-off. As long as it does not fall below the low of 53,330 before July 5, it can be bought on dips.

Bitcoin ($BTC ): Pay attention to 56460. If the 4-hour closing line does not fall below it, it will rebound. The target/pressure level is 57440, 58200, and 59300. If it falls below 56460, the support level is 55700, 54900, 54260, and 53350.

Ethereum ($ETH ): Pay attention to 3025 and 2986. If the 4-hour closing line does not fall below 2986, it will rebound. The target/pressure level is 3100 and 3185. If it falls below 2985, the support level is 2930, 2885, 2856, and 2800.