【2024.9.23 Bitcoin Ethereum Intraday Market Analysis + Weekly Position】
Brothers, a new week has begun. The market has started to pull up on the first day of this week. I have good news for you. Bitcoin weekly level has entered a bullish rise, which means that the previous decline has ended. If you didn’t buy low-priced chips now, you will have no chance for the time being. Hold on to the chips you have already bought!
At the end of June, I said that the monthly line began to fluctuate sideways. The bull market in the second half ended and began to wash out. Let everyone buy Bitcoin spot at a low price and wait for interest rate cuts. The take-off of the bull market in the second half depends on the interest rate cut. If the interest rate cut does not come, the bull market in the second half will not come. Believe me, my brothers, I dare to say that Bitcoin spot is definitely profitable!
The interest rate cut is a real positive. I believe that there must be stubborn brothers who are still holding short orders. This week, it depends on whether the weekly line can step back. Otherwise, once Bitcoin breaks through the pressure level near 6.5, the next target will be 6.8 and then 7.2. See if your margin is enough!
This week, Bitcoin's support level is 61000-59200 and its resistance level is 65100-67500.
This week, Ethereum's support level is 2450-2310 and its resistance level is 2700-2870.
Today's market analysis:
$BTC Bitcoin pulled back to the first support level at night and then started to take off to the second resistance level. Currently, all levels are on the long side. Today, pay attention to the support level below the small level pullback of 63610-63058-62340! (As long as the pullback does not fall below 63058, the 4-hour level is still on the long side, and it will still go up after a small level step)
If it continues to rise today, pay attention to the upper target/pressure level of 64500-65150-66110! #BTC走势分析
$ETH Ether pulled back to the first support level at night and then started to take off to the third pressure level. At present, all levels are on the long side. Today, pay attention to the support level below the small-level pullback near 2627-2595-2560! (As long as the retracement does not fall below 2585, the 4-hour level is still on the long side, and it will still go up after a small-level step)
If it continues to rise today, pay attention to the upper target/pressure level near 2690-2752-2820! #ETH走势分析
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