[2024.8.20 Bitcoin and Ethereum intraday market analysis]
Good afternoon, brothers. After a good sleep, Bitcoin broke 60,000. In the past half month, Bitcoin has fluctuated by thousands of points within a day. Brothers in the spot market still hope that it will continue to fall. After all, everyone wants to buy low-priced chips, but there are not many opportunities to give.
It is almost the end of August. If you are still shorting, you must pay attention. It is better to be temporarily trapped than shorting the spot market. The next hot spot for speculation will definitely be the interest rate cut. When the interest rate cut is confirmed, the bottom will be getting higher and higher. It is better to go ahead and chase it when it goes up. Then go in batches when it goes down.
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Today's market analysis:
$BTC said last night that if you want to go up, you must stand above 58600. You can go to see the big positive line at 1 am last night. After standing firm, it started to rise all the way
At present, the daily price of Bitcoin rebounded and started to rise at a small level. If it continues to rise, pay attention to the pressure level of the sideways trading zone of the daily price of last week, 61175-61830-62700. If it breaks through these positions and stands firm, the weekly price of Bitcoin will be adjusted and this wave of decline will end. The premise is whether it can stand firm at the position of 6.27.
Today, the small level should fluctuate sideways at the top during the day, and there will be market in the evening or at night. Pay attention to the small level correction during the day, 60000-59575-59155. As long as the 4-hour level does not fall below 59155, it will still go up. If the closing line falls below, the 4-hour level will start to pull back!
$ETH I said last night that as long as it does not fall below the previous low of 2565, it will rebound. It was directly pulled to 2676 this morning.
Currently, the daily rebound of Ethereum has started to rise at a small level. If it continues to rise, pay attention to the pressure positions of 2681-2720-2755 in the sideways trading zone of the daily line last week!
Today, the small level should fluctuate sideways at the top during the day, and there will be market in the evening or at night. Pay attention to the positions of 2648-2625-2609 for the small level correction during the day. As long as the 4-hour level does not fall below 2625, it will still go up. If the closing line falls below, the 4-hour level will start to pull back! #ETH走势分析
