Market review and analysis on September 24
Yesterday, the daily closing price of Bitcoin (BTC) still failed to stabilize at 64,000 points, reaching a maximum of around 64,800, closing out of the semi-yang line. Today, there was a slight correction on the daily line, which was weak, and the overall trend showed a sideways fluctuation.
Ethereum (ETH) closed the positive line yesterday, showing a certain amount of compensatory growth. However, according to the strength of ETH's early correction, the current rebound is not significant.
In addition, some bullish signals are beginning to appear in the market, which seem to convey expectations of the coming bull market, which may be a potential risk signal.
In the next two days, it will be more clearly confirmed whether the high point is established, and the market may then trend downward. Although some words cannot be said clearly, I believe that everyone will see the bottom coming, regardless of whether it rises or falls.
Today's focus
From a four-hour perspective, the BTC market is still in shock. The daily effective support level is in the 60000-60600 range, and the short-term support level is between 61600-62200.
This area needs to be focused on. If it does not fall below 61600, it may continue to rebound and fluctuate slightly during the day.
The current daily high is 65,000, and this time it is close to 64,800, forming an obvious double top pattern. However, the decline has not yet fully unfolded, so the trend is still not clear enough. The next two days will be the key time to determine the trend. 👗👉➩BNB0098
ETH's correction is relatively large, but compared with the overall correction in the previous period, its compensatory growth is still limited. Yesterday's highest price was 2,700, failing to break through the previous strong pressure position of 2,800.
The intraday support level focuses on the 2500-2520 range, while the daily support is between 2400-2430.
The intraday resistance level can focus on the fluctuation range of 10 US dollars above and below 2650.
