【2024.5.24 BTC/ETH intraday market analysis】
Good morning, fellow Nasdaq traders. It is another sunny day. I received a lot of spot orders in the morning. Basically, I got in at the bottom of the pin at midnight and have already made a profit. The market in the past few days should be over for the time being. Keep paying attention to the Ethereum series. There will be bright currencies. Ethereum ETFs only passed half of the early morning. Why do I say that? Because it only passed the 19b-4 form, it still needs the S-1 registration statement to take effect before it can be traded. It is expected to take several weeks, which is basically in line with what I said in the early morning deduction. Just keep waiting!
Last night, I told everyone to wait and see and don’t open orders. The 4-point column of Ethereum has a fluctuation of 9 points up and down. How many gamblers have been liquidated? The good news is bad news. Let’s not expect too much. The leeks rushed in to do more and didn’t run away and were buried.
Today, Friday, the K-line was repaired by sideways shock. There was not much trading volume on Saturday and Sunday and it continued to go sideways. The market should be good next week. Get ready to rush forward! #BTC走势分析 #大盘走势
Bitcoin Ethereum intraday trend analysis:
Bitcoin broke through the second support level I gave in the early morning and almost rebounded near the third support level. It is currently trading sideways at the bottom of 1/2 hour. Today, pay attention to the position of 67700. As long as it stands above this position, it will rebound at the 1-hour level. Pay attention to the upper pressure level near 68380-69050. As long as it stands above 69050, this 4-hour correction will end and the small level will start to rise, looking at the two positions of 70000-70710.
If it does not go up today and falls below the position of 67700, the small-level rebound will fail and continue to fall. Pay attention to the lower support level near 67145-66180-65125. #BTC
Ether fell below the third support level of 3550 I gave in the early morning and rebounded quickly after reaching 3525. At present, the small level is still rising on the bullish side. Pay attention to the position below 3785 today. As long as it does not fall below this position, the 1/2/4 hour level is on the bullish side. The market is likely to continue to rise. Pay attention to the upper target/pressure level near 3873-3940-3994.
If it falls below 3785 today, the small level will start to pull back. Pay attention to the support level below 3733-3660-3548#ETH
