[2024.9.22 In-depth analysis of the intraday market of Bitcoin and Ethereum]
Hello everyone, today's market still maintains a certain degree of caution, but the potential upward momentum is also quietly accumulating. The following is a detailed intraday market analysis of BTC and ETH:
$BTC Bitcoin Market Analysis
Current Status: Bitcoin is still in a sideways consolidation phase at the 4-hour level, and the market is in a wait-and-see mood. After the previous pull-up, the market needs more time to confirm whether the callback is over and whether there is enough buying power to drive the next round of rise.
Key Position:
Support Level: 63145 is the key support level that needs to be closely watched today. If the 4-hour level closing line can stand above this position, it can be regarded as a signal that the callback is over, and the market is expected to continue to break upward. Pressure Level: The upper target/pressure level is set near 63765, 64500 and 65150. These positions will become resistance points that need to be overcome when Bitcoin rises further.
Operation strategy: Investors are advised to remain patient and pay close attention to the stabilization of the 63145 support level. If it stabilizes successfully, you can consider adding positions appropriately; if it falls below, you need to be alert to the risk of callback, and reduce positions appropriately or wait and see.
$ETH Ethereum market analysis
Current status: Ethereum has successfully broken through the sideways area this morning and started to pull back after touching the second pressure level. At present, all time-level charts show that Ethereum is in a market environment dominated by multiple parties.
Key position:
Support level: 2585 is the 1-hour support level that needs to be focused on today. If this position is not broken, the market is expected to continue to rise; if it falls below, it is necessary to pay attention to the support levels of 2565, 2533 and 2490 below. Pressure level: The upper target/pressure level is set near 2633, 2690 and 2750. These positions will test the upward momentum of Ethereum and the market's ability to carry it.
Operation strategy: Investors can pay close attention to the stability of the 2585 support level. If this position is effectively supported, you can consider continuing to hold or increase your position appropriately; if it falls below, you need to flexibly adjust your position according to market conditions to avoid further losses.
Summary
Today's market will be a day that tests investors' patience and judgment. Both Bitcoin and Ethereum are near key positions, and any slight changes may trigger a violent reaction in the market.
