Market Analysis $BTC September 26, 2024
Good morning guys, Bitcoin finally has a little drop. Last night in the night market analysis, I reminded you that there should be a correction in the four-hour time frame, and it has now reached the first support level of 62744, and the target has been accurately achieved, with an error of only ten points.
After the price falls to the support level, there will be a slight recovery, and the recovery target looks at 63200. If the price closes the candle above 63200 in one hour, the recovery target will look at 63500. For buy orders, at least wait for the four-hour candle to close above 63500 to be considered a complete four-hour adjustment, and then the price can continue to rise. If it does not close above this level, it will continue to adjust four hours, and may fall to the second support level of 62347. The price is currently very close to the daily support level, in the case of not completing the four-hour adjustment, it is not recommended to open a buy order, it is easy to break. If the daily support level of 62347 is broken, it will have to return to test the weekly support level of 61267.
The overall trend shows that the buying power is somewhat weak, in the short term, it is necessary to pay attention to the two support levels of 62347 and 61267.
