September 24 Market Analysis
Currently, both Bitcoin and Coin are still above the four-hour lifeline, which is a bullish trend. The bearish trend signal has not yet formed, but the risk of this callback cannot be ruled out.
Because, although Bitcoin and Coin are above the four-hour lifeline, they have fallen below the lifeline of the hourly chart, which means that the market has already had a dispute between the long and short sides and is in a chaotic area. This area is more difficult to operate and has no direction.
It is likely that the next step is to step back to confirm the support strength of the four-hour lifeline.
BTC: Four-hour lifeline 62320
ETH: Four-hour lifeline 2538
