Accurate analysis of the market of Ethereum and Bitcoin in the early morning of September 16:
Traditional trading methods may not be applicable in these two days. It may be a wiser choice to use the transaction fee return strategy to trade at this time.
Analysis of Ethereum market:
In the 1-4 hour time frame, we need to pay close attention to the two key price levels of 2413 and 2402. If the price entity falls below 2402, the market is likely to turn to the short side, and the support level below should be paid attention to. If the price can close above 2413 or 2402, the market will continue to fluctuate upward.
The following is a reference for the points (+-5):
- Support level: around 2393-2374-2343-2310
- Pressure level: around 2420-2437-2468-2505
- Daily pressure level: around 2410, 2515
- Pin point attention: around 2285, 2170
Bitcoin market analysis:
Focus on the two price levels of 59530 and 60100. Within the 1-4 hour time frame, if the retracement does not break, the market may still maintain a volatile upward trend. Once it falls below 59530, be alert to the trend turning bearish.
The following are numerical references (+-200):
- Support level: around 59100-58400-57750
- Pressure level: around 60640-61280-61900
- Daily pressure level: around 62900
- Pin point reference: around 56120, 53860
When trading, traders should take into account the volatility and uncertainty of the market and flexibly adjust their trading plans. I wish you all can seize market opportunities and achieve profit goals!
