[In-depth analysis of BTC/ETH intraday market on April 9, 2024]
Yesterday, Ethereum performed quite well, even overshadowing Bitcoin. Today, let's focus on this "popular young actor". At present, Ethereum has pulled back at the 1-hour level, but other time levels are bullish. Today, our eyes will be fixed on the key point of 3650. Once this position is broken, the 2-hour level may usher in a pullback. At this time, the three positions below 3620, 3600 and 2551 will become an important reference for us to observe the strength of support.
Of course, if the Ethereum market continues to rise strongly, then the three positions above 3725, 3750 and 3800 will be the key to our attention. It seems that today's Ethereum market is destined to be ups and downs, full of challenges and opportunities.
Let's talk about Bitcoin. In comparison, Bitcoin's performance is slightly inferior. It is currently showing a pullback trend at the 1-hour and 2-hour levels, but other time levels still maintain a bullish pattern. Today, if Bitcoin continues to fall back, the 70740 position below will be our focus. Once it falls below, the 4-hour level may usher in a callback. At this time, the two positions of 70000 and 69100 will become the key points for us to observe the support of Bitcoin.
Of course, if Bitcoin can withstand the pressure and continue to rise strongly, then the three positions of 71700, 72300 and 72800 above will be important references for us to pay attention to the pressure level.
In short, today's BTC and ETH markets will be full of variables. We need to remain vigilant, keep up with market trends, and respond flexibly to various possibilities. Remember, investment is risky and you need to be cautious when entering the market. I wish you all a smooth transaction!
