[2024.7.11 BTC/ETH intraday market analysis]
Good afternoon, brothers. Ethereum has been sideways for several days and is ready to choose a direction. Please pay attention to your orders! Pay attention to the CPI data released at 8:30 tonight, and try to avoid trading based on the news!
Apart from the news, I personally started to be bullish. After all, the 4-hour level fluctuated upward, and the top and bottom continued to rise. However, all technical analysis is useless in the face of news. Let's pay attention to the CPI data!
Intraday market analysis:
Bitcoin inserted the first pressure level and the first support level given last night in the morning, and now the 1-hour level has begun to rebound. Pay attention to the position of 57900 today. Only if the 4-hour level stands above this position today, the probability of going up is high. Pay attention to the upper target/pressure level near 58500-59400-60480. If it stands above 58500 today, the daily level will begin to rebound!
If the 4-hour level closes below 57900 today, the small-level rebound is still relatively weak, and long orders are waiting near the lower support levels of 57100-56265-55700!
Ether just rose to the second target level of 3148 I gave last night and began to pull back. Pay attention to the position of 3090 today. Only if the 4-hour level stands above this position today, the probability of going up is high. Pay attention to the upper target/pressure level near 3135-3185-3220. If it stands above 3135 today, the daily level will start to rebound!
If the 4-hour level closes below 3090 today, the small-level rebound is still relatively weak, and long orders are waiting near the lower support levels of 3045-3009-2966!
