2024/10/09 Market Review and Analysis:
BTC tried to break below 62,000 points several times yesterday and in the early morning. It tested this support level several times in a day, but it was only a false break and did not completely break.
Although it is believed that it will fall below 62,000 points, it is stuck like this now, and it is really annoying to watch it go back and forth.
Especially today, ETH rebounded slightly for no apparent reason.
Yesterday, ETH fell to the 2,400 point line and then rebounded quickly. The decline did not accelerate. It just consolidated like this, waiting for a break to open up the next step.
Today's highlights:
BTC will likely fall below 62,000 points today in four-hour consolidation.
At the four-hour level, pay attention to the support position of the 60,600-61,000 range; at the daily level, pay attention to the support of the integer mark of 60,000. The previous low point was tested many times but did not break completely. At the four-hour level, pay attention to the resistance point 62600 - 63000. Today's market can directly look at the callback.
ETH fell to 2400 points on the four-hour level and then began to rebound. Today's highest point reached around 2475, which is a small rebound on the four-hour level. It is just a little bit of catch-up, not a very strong market.
You can directly look at the callback during the day. The first-line support points are 2380 - 2360. The effective support position at the intraday level is around 2320.
