Today is Tuesday, September 24, 2024. Bitcoin surged to 64,800 yesterday and then quickly retreated. The lowest point was 62,700, which was a 2,000-point retreat. Currently, Bitcoin's daily line is almost showing a unilateral and stable upward trend. Short-term support is at 62,000, and pressure continues to be at 65,000. If it falls below the support, it will depend on Bitcoin near 6. If it breaks through the pressure, it will have a chance to hit 70,000 US dollars.

The exchange rate of Ethereum has accelerated again in the past two days. In addition, the transaction fee of Ethereum has also soared rapidly this month. In less than three weeks, the price has soared three times, which directly led to a significant increase in the number of Ethereum destroyed. However, maintaining long-term deflation is also the strongest signal of Ethereum's market competitiveness. Yesterday, Ethereum began to rise near 2540 during the day, breaking through the recent high of 2702 US dollars and began to fall back to around 2610. So far, it has rebounded to around 2640. The short-term support is 2600, the strong support is 2500, the pressure is 2700, and the strong pressure is 2800.

Today is Monday, September 23, 2024. I have been saying since last month that the market will come. As long as the price goes down, it will be a gold mine. It is worth fighting for it once. If you are given the opportunity, you can boldly buy the bottom in batches. Compared with the beginning of September, Bitcoin has already increased by 20%. Although Ethereum has been performing relatively weakly for some time, it is now slowly climbing up.

Personally, I think the cryptocurrency world is not a place where you can make money as long as you work hard. In fact, the harder you work, the more you lose. Sometimes you can't buy at the bottom just by feeling. When the price was 55,000, you didn't dare to enter, feeling that it would continue to fall to 50,000. As a result, the price was pulled up directly, and you missed the best opportunity to buy at the bottom. Personally, I think that sometimes the market does need to enter the market from the left side, and there is no need to blindly pursue the bottom price. You only need to pay attention to that the price you buy is low in the future market. If you can't get trapped, you have successfully bought at the bottom.

Today is Friday, September 20, 2024. Bitcoin rose to around 63,900 in the early hours of last night and then began to fall back. It fell to around 62,600 and then rebounded. It rebounded again and broke through the previous high, hitting around 64,200 and then fell back. It is currently trading around 63,600. The short-term support is 62,600 and the pressure is around 64,200.

Ethereum hit a high of around 2490 in the early hours of last night and then started to fall back. It fell to a low of around 2440 and then rebounded to a high of 2560. It is currently still near the high of 2543. Ethereum is stronger than Bitcoin today. Currently, Ethereum is near the pressure of the weekly line. If it breaks through, it will continue to sprint to above 2700. Short-term support is at 2440 and pressure is around 2600 US dollars.

Today is September 19, 2024, Thursday. Bitcoin began to fall back near $60,000 before the opening of the U.S. stock market last night. It fell to a low of around $59,200 and then began to rebound. Then after the Federal Reserve announced a 50 basis point interest rate cut, it spiked upward to $61,300 and then began to fall back again. It fell to a low of around $59,500 and began to rebound. The highest point rebounded to around 62,500. As of now, the price is around 62,333. The short-term support for the day is $61,500 and the short-term pressure is $62,600.

When the U.S. stock market was about to open last night, Ethereum began to fall back near 2309, and then rebounded after reaching the lowest point near 2280. Then, after the Federal Reserve announced a 50 basis point rate cut, it began to rebound following Bitcoin. So far, the highest point has rebounded to around 2442. The current price is around 2431. The short-term support is 2370, and the pressure is 2470. Ethereum is currently in a short-term rising stage, with three consecutive positive lines on the daily line. During this period, Ethereum has been relatively weak, and the market strength has been relatively weak. It depends on whether this wave of rate cuts can be used to restore market vitality. I have always been optimistic about Ethereum in this bull market, and perhaps Ethereum will be the main field in the future.

Today is Wednesday, September 18, 2024. The Mid-Autumn Festival is over and we are back to the market. Bitcoin rose after the opening of the U.S. stock market last night and broke through the short-term pressure of 59,200 and began to push higher. It reached a high of around 61,300 and then fell back, and fell back to around 59,600. As of now, the price is around 59,600. At the current weekly level, Bitcoin still wants to continue to sprint, but in the short term, the intraday pressure is 61,300. It will break through and sprint to around 63,000. The support is 59,300, and if it falls below, it will go to around 58,000.

Ethereum is still moving in sync with Bitcoin. After the U.S. stock market opened last night, it went directly from around 2300 to around 2400 and then started to fall back. The current price is around 2280.

Today is September 12, 2024, Thursday. After the release of CPI data yesterday, Bitcoin began to fall back from its high of around 57,000 U.S. dollars, and the lowest point reached around 55,500 U.S. dollars. After falling 1,500 points, it began to rebound and reached a high of around 58,500 U.S. dollars. Although it fell below the key support of 56,000 in the past two days yesterday, it quickly recovered. The current support level focuses on the 57,000 U.S. dollars. If it falls back here and does not break, it will continue to sprint upward.

Ethereum started to fall back from the high point of 2355 last night, and then it hit a low of 2277 US dollars and began to rebound. It reached a high of 2390 and then began to fall back. Currently, Ethereum is still linked to the trend of Bitcoin. It will be put aside until there is an independent market.

The flow of funds and hot spots is gradually becoming clear. In my opinion, the current market heat ranking can be roughly divided into several levels, and each level has different logical support. The election-inscription-AI-RWA sectors are my first choice and optimistic

1. General Election
As the 2024 US election approaches, the market is increasingly interested in election-related assets, especially coins like $PEOPLE, which have a strong correlation with political events. Political events are currently a driving force that cannot be ignored in the market. The uncertainty brought about by the election and potential policy changes have a huge impact on the financial market. The cryptocurrency circle is no exception, and various assets surrounding the election have gradually become the focus of market pursuit. Political changes bring new policies and new regulations, and sensitive funds in the market tend to accelerate their layout during this period. This is why I am more optimistic about the election sector.

Today is Tuesday, September 10, 2024. After the opening of the U.S. stock market yesterday, Bitcoin fell back from 55,600 to around 54,800, and then began to rebound, reaching a high of around 58,100 U.S. dollars, an increase of 3,000 points, and then began to fall back, with a low of around 56,400 U.S. dollars. As of now, the price of Bitcoin has fluctuated slightly around 57,000 U.S. dollars. Judging from the current trend, Bitcoin has shown signs of reversing from the downward trend last week. I personally think that the probability of Bitcoin falling below 52,500 U.S. dollars this week is very low, unless there is a very bad news in the market. At present, the support level of Bitcoin can focus on 56,100 in the short term. If it stands firm, it will continue to rise. If it falls below, it will continue to enter the consolidation range. The pressure level can focus on 58,000 U.S. dollars in the short term.