Market Review and Analysis on September 13

Bitcoin (BTC) has been fluctuating around $58,000 for four days, and it seems weak whether it is rising or falling. Yesterday's daily chart showed a semi-yang line upper lead state, which indicates that the market is trying to break through, but it does not seem to have enough strength. Such a trend may indicate signs of shipments, and it may be difficult to break through the resistance of $60,000 in the short term. Today is Friday, and usually, the market may see a downward trend, forming the so-called "Black Friday".

Today's Highlights

Bitcoin (BTC): The price tried to rush higher again at the intraday level, but the trading volume was not strong. The continuous fluctuations for several days indicate that if the rise is weak, there may be a decline. The intraday four-hour chart shows that the resistance position is obvious. If the price falls below the $56,000-56,600 range, the support level of $54,800-55,200 will be concerned.

Ethereum (ETH): The performance is relatively stable, with a small rebound and a significant decline. The intraday support level is around $2,260. If it falls below this support level, pay attention to the $2,210-2,230 range. Compared with Bitcoin, Ethereum has smaller fluctuations and a more stable trend.

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