Today is Friday, September 20, 2024. Bitcoin rose to around 63,900 in the early hours of last night and then began to fall back. It fell to around 62,600 and then rebounded. It rebounded again and broke through the previous high, hitting around 64,200 and then fell back. It is currently trading around 63,600. The short-term support is 62,600 and the pressure is around 64,200.

Ethereum hit a high of around 2490 in the early hours of last night and then started to fall back. It fell to a low of around 2440 and then rebounded to a high of 2560. It is currently still near the high of 2543. Ethereum is stronger than Bitcoin today. Currently, Ethereum is near the pressure of the weekly line. If it breaks through, it will continue to sprint to above 2700. Short-term support is at 2440 and pressure is around 2600 US dollars.

As for the altcoins, funds began to become active, the market saw a general rise, and the money-making effect began to become obvious. This round of rise seems to be real, because most altcoins have experienced bottom construction. In the past two days, many currencies have been pulled up more resolutely. This kind of rise is the result of the main force. If the capital side can continue to be active in the future, the altcoin market is likely to gradually open up.

At present, Bitcoin is still in an upward trend as a whole, and the weekly pressure is at 65,000 US dollars. In the short term, it is still possible for Bitcoin to reach around 65,000. After the U.S. stock market opened high last night, there was no retracement, and Bitcoin did not rise much either. It was pulled up during the day in the past few days and started to go sideways at night. If you are a short-term player who bought Bitcoin near 53,000, I personally suggest that you can choose to take profits when Bitcoin rushes to around 65,000. After all, only when it falls into your own pocket can you really earn money. Wait for a retracement before getting back on board. Long-term players can ignore it. Those who hold short-term copies can follow the Bitcoin trend to around 65,000 and sell them selectively according to their own position strategy. Cash in the short-term and medium-term positions in time, and hold the long-term positions patiently!

The monthly line will come to an end at the end of September, and the real main rising wave will start in October, when the autumn market will arrive. Looking back at the unilateral upward trend in February in the spring, Bitcoin was the first to rise, and then Ethereum followed suit. Therefore, the market may have a small correction in the next few days. It is recommended to pay attention to the opportunities for Ethereum and altcoins to make up for the rise during this period.

By the end of next week, after the overall correction of Bitcoin and Ethereum, October will usher in a unilateral upward trend. The correction at the end of the month is to prepare for the sharp rise in October. There have been only two good market conditions this year, one in February in the first half of the year, and the other in October in the second half of the year. Now is the critical moment. The market in October is like a bronze game, with great potential for explosion.