2024.9.29 BTC and ETH market analysis

Good afternoon, brothers.

The happy weekend is coming to an end. The market fluctuations during the weekend are not big, so there is not much to analyze.

At present, BTC failed to reach 66,000 for the second time and is now in a high sideways state, with a sideways range of 66,000-65,364.

The support of the bulls still depends on whether 66,000 can stand firm. If it can stand firm at 66,000, it may continue to attack the position of 66,450.

Once this position is broken, the short-term upward target will point to 69,970.

But if it falls below 65,364 at the bottom of the sideways area, this wave of rise will have no power, and there will be a four-hour level retracement, with the retracement support at 64,800 and 64,200.

For ETH, ETH is in a correction at the four-hour level.

We need to refer to the upper resistance level of 2684. Only when the closing price of the four-hour line breaks through this price, the market will continue to rise, and the upward target is 2727.

If this price is broken, the short-term upward target of 2798 can be seen. 👗👉➩BNB0098

If the four-hour line fails to break through the price of 2684, it will continue to pull back, and the lower pullback support is at 2649 and 2616.

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