[2024.8.3 Analysis of Bitcoin and Ethereum intraday market]

Good afternoon, brothers. Bitcoin and Ethereum both dropped by 6 points yesterday. Bitcoin has fallen to the beginning of 60, and Ethereum has directly fallen to the bottom sideways support level near 2900. I said in the market analysis at 8 o'clock last night that I was still bearish, but I didn't expect it to start falling all the way after 10 o'clock. My crow's mouth has been blessed!

The spot boarding position given by Bitcoin and Ethereum on Monday has been accurately reached. Brothers who have boarded the spot at that position have made profits and can continue to take it. For those who are profitable in the contract, you can do a moving stop loss yourself. If you are afraid that it will not go up, you can sell half of the position and then do a moving stop loss. Anyway, it is OK as long as the profit cannot turn into a loss!

There should be no big movement in the market today at the weekend. After a big drop, the small level will generally go sideways and then rebound and then drive the rebound of the large level. Let's wait and see for the next two days. As long as this previous low is not broken and stabilized, it will slowly go up!

Intraday market analysis:

$BTC Pay attention to the position of 61500 today. As long as the 1-hour level stands above this position, the 1-hour level will start to rebound. Pay attention to the upper target/pressure level near 61970-62660-63285. Only when the 63285 position is firmly established, the 4-hour level will start to rebound!

If it falls below 61500 today, the 1-hour level rebound fails and the market turns empty or continues to fluctuate sideways. If it falls, pay attention to the lower support level near 60980-60480-59800! #BTC走势分析

$ETH Pay attention to the position of 2975 today. As long as the 1-hour level stands above this position, the 1-hour level will start to rebound. Pay attention to the upper target/pressure level near 3003-3046-3085. Only when the 3085 position is firmly established, the 4-hour level will start to rebound!

If it falls below 2975 today, the 1-hour level rebound fails and the market turns bearish or continues to fluctuate sideways. If it falls, pay attention to the support levels below 2947-2913-2878! #ETH走势分析

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