Analysis of Bitcoin and Ethereum Market on September 20: Today's Highlights of BTC and ETH

Market Review

Yesterday, BTC continued to rise, reaching the target range of 63,500-64,000, which was in line with yesterday's expectations. Today, we will take some defensive actions and appropriately reduce positions above 63,500. Continuous rises for many days require technical repairs. For example, if it stands above 63,000 today and there is no obvious sign of decline, we can follow up tomorrow. We will not follow up and wait and see during the day. The continuous rise strategy needs to be conservative and not aggressive. The two cakes will rise synchronously with BTC. The intraday operation can be synchronized with BTC. SATS can continue to be held. You can consider clearing positions around 50. PEOPLE can continue to hold in the medium term. Continue to wait

Today's highlights

BTC: 1-hour and 4-hour levels enter the overbought range, the daily level is higher than the healthy level, wait and see during the day, wait for stabilization, the expectation of the big cycle has not weakened, the daily support is 61700-62200, the upper resistance is 63800-64300

ETH: 1-hour and 4-hour levels are higher than the healthy level, the daily level is lower than the healthy level, pay attention to the trend of BTC, the current trend is still not strong, but it is expected to rise synchronously with BTC, but still pay attention to the correction after the opening of the US stock market, the upper resistance of the day is 2480-2530, the lower support of the day is 2330-2360#BTCReboundsAfterFOMC #TrumpFirstBTCUse