Intraday market analysis
BTC 1-hour and 4-hour levels are above healthy levels, and the daily level has returned to a healthy level. It is expected to continue to rise during the day, but if you don't follow up, you can follow up with ETH. The expectation of the big cycle has not weakened. The support below is 56800-57300, and the resistance above is 58800-59500. There is still room for the market to rise in the near future, and you can follow up with ETH
ETH 1-hour and 4-hour levels are above the healthy level, and the daily level is below the healthy level. You can continue to buy at the intraday pullback support level and wait for the rise in the evening. The intraday upper resistance is 2470-2520, and the intraday lower support is 2280-2330. There is still room for the market to rise in the near future, so you can be bolder.
The interest rate cut will start next week. Are you looking forward to it?
Anyway, I am looking forward to it. After all, a fuse is needed to start the market. The approval of Bitcoin ETF and Ethereum ETF in the first half of the year has provided a channel for traditional financial giants and large institutions to enter the cryptocurrency circle.
And through the correction trend in the past six months, coupled with the Mentougou incident and other negative news, the main force is trying to lure the market into short selling and absorb chips from retail investors.
Everything is ready, only the east wind is missing.
Bitcoin's five-day line will close tomorrow, and it is likely to close with a positive line. The appearance of the "bullish engulfing" pattern means the end of this round of callback. In this range, there have been three rounds of callbacks. The first, second, and third rounds of the decline wave are gradually shrinking, indicating that the downward force is getting weaker and weaker. The time of decline is also decreasing, which also shows that the air force is very weak.
The bulls have also started to exert their strength gradually. The same important support level has not been broken. This is the third time that the support level has been stepped back. In the Book of Changes, the number "3" is very magical and has a very strong power. The three times that the important support level has not been broken, and the third time the stop-loss signal appears, it means that the market is about to change.
The most worthwhile altcoins to invest in in the second half of the bull market
1.PEOPLE
Currently, it presents multiple bottom patterns, indicating that the current price has strong buying support. This round of bull market has another dark horse, but the recent trend is not satisfactory. Due to its large price fluctuations and unpredictable trend, investors in contracts and spot have suffered heavy losses. The risk is high and the return is great.
Friends in the car should pay more attention. However, MEME concept currency is like this. Although the fluctuations are huge, it is still loved by many investors. Judging from past performance, People is definitely a strong currency!
2. TREES
In the Solana ecosystem, BOME is quietly accumulating explosive power. Although its price has not risen significantly since its listing on Binance, the powerful market maker power behind it has not been fully released. It took only three days from the initial issuance to the listing on Binance, which shows that there is strong support and market consensus behind it.
Once the trading volume starts to surge, BOME is likely to replicate the amazing rise of PEPE. At present, the price of BOME is close to the bottom, and the possibility of a rebound is increasing. As a low-priced currency, BOME has broad room for growth and is likely to trigger a round of remarkable price increases in the future.
3.BNB
$BNB will usher in an important BSC mainnet hard fork upgrade, scheduled to be implemented on September 26. This upgrade will allow validators to continuously generate blocks, significantly improving the performance of the BSC chain.
This positive news is expected to have a positive impact on $BNB. The ideal entry time may be around September 4th, when BNB mining will end and TON may experience a short pullback, providing an opportunity to buy at a low price.
In addition, Zhao Changpeng plans to make a strong comeback at the end of September. Multiple positive factors may prompt $BNB to rise in late September.
