**ETH Price Analysis**$ETH

**Monthly Timeframe:**
- **Highest target:** $3000-$3100
- **Lowest target:** $2180-$2000

**Weekly Timeframe:**
- ETH could hit its monthly low this week, potentially dropping to **$2180** or even **$2000**.

**Daily Timeframe:**
- Bearish trend with possible support levels at **$2340** and **$2180**.

**4H & 6H Timeframes:**
- Both 4H and 6H charts indicate a sideways movement (sideway trend).
- Entering trades at this point is very risky due to the lack of clear directional momentum.

**4H Specific:**
- Price could dip from **$2340** to **$2300**.

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**Trading Strategy:**

1. **Observe the Market:** Wait for signs of stabilization before making any moves.

2. **Short Opportunities:** Look for short positions during brief price recoveries in the 1H timeframe.

3. **Cautious Bottom Fishing:** If you're looking to catch the bottom, consider placing orders around the key support zones mentioned. It's advisable to use leverage carefully, limiting it to **x20-x25** and only allocating **30% of your account** to these trades.

**Good luck, and stay safe in your trades!**

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#Write2Win #binance #btc #ETH

**Bitcoin Analysis: September Overview**

We've entered September with a new candle. What will happen this month? Will Bitcoin surpass its previous highs or continue its downward trend? Let's analyze the chart to get a comprehensive view.

**1. Monthly Chart Analysis:**
The downtrend remains dominant in the monthly timeframe. According to technical analysis:

- **Possible monthly high:** 65,300 - 67,500 USD
- **Possible monthly low:** 53,000 - 50,000 USD
- **Worst-case scenario low:** 44,000 USD (depends on market news and volatility)

**2. Weekly Chart Analysis:**
The new weekly candle starts tomorrow, and the potential range is as follows:

- **Weekly high:** 62,700 USD
- **Weekly low:** 53,600 USD

Bitcoin could see a brief recovery to 59,000 - 60,000 USD in the next few hours, but this is unlikely, as the chance of dropping to 55,700 USD is higher. Opening new long positions at this moment is risky and not advised.

**3. 4H Chart Analysis:**
In the 4-hour timeframe:

- **Potential low:** 56,000 USD
- **Potential high:** 59,000 USD

However, the downtrend is still prevailing, making it challenging to predict any substantial highs.

**Summary & Advice:**
Combining all three timeframes, it's clear that the downtrend is dominant, and the market lacks strong reversal signals. Investors should be cautious, avoiding new long positions at this time. If considering an entry, use low leverage and closely monitor support levels at 56,000 USD and 53,000 USD. Patience and waiting for clear market signals will provide a better advantage.$BTC

**Bitcoin and Ethereum: The Fall Has Just Begun**$BTC $ETH

As I shared in yesterday's Bitcoin analysis, if you had taken a Short at the $63,800 pullback, you would have had a great success. However, the important question now is: How low will Bitcoin and Ethereum go?

**On Bitcoin:**
I still maintain that Bitcoin will continue to quickly sweep towards the $60,000 - $59,000 area before potentially recovering. This is a strong support area that many traders are watching.

**On Ethereum:**
Ethereum (ETH) recently touched a fairly solid support area at $2,556. However, if Bitcoin continues to fall further, ETH will be under great pressure and may continue to fall towards the $2,520 area. This is a weaker support area, and if ETH falls to this level, it will be difficult to resist the downtrend. Therefore, entering a long order in this area is high-risk and should be carefully considered.

**General Comment:**
Currently, both leading cryptocurrencies are in a downtrend. Investors should closely monitor important support zones and signs of volatility from the Bollinger Bands indicator to make reasonable trading decisions. The market is potentially risky, so patience and caution are needed.
#Write2Win #binance #btc #ETH

**Bitcoin Analysis : Will Bitcoin Rise or Fall This Week?**

As we step into the new week, Bitcoin's price movement is beginning to paint a clearer picture. After a day of volatility, the indicators across different timeframes are starting to align, offering some insight into the potential direction for Bitcoin.

On the shorter timeframes, the 1-hour (H1) and 4-hour (H4) charts suggest that we might see a slight recovery in Bitcoin's price. However, this rebound seems likely to be short-lived, potentially leading into a deeper decline.

When looking at the 6-hour (H6) and 8-hour (H8) timeframes, the analysis indicates that Bitcoin may be heading towards a new low, with prices possibly bottoming out around the $61.000 level. This could set the stage for strategic trading opportunities in the coming days.

Given these insights, one might consider a short position in the $63,800-$64,000 range, anticipating a downward movement. Alternatively, traders could wait for Bitcoin to hit the support zone around $61,000 to place a long position, potentially capitalizing on a rebound from that level.

As always, it's essential to remain vigilant and flexible, adapting to the market's movements as new information becomes available.$BTC
#binance #btc #bitcoin #cryptotrade

**Bitcoin Analysis: Be Patient – Don’t Rush into Long or Short Positions Today!**

After the strong price surge on August 22nd, Bitcoin has slowed down over the past two days as it decides whether to continue upwards or start declining. This is a critical moment where investors should exercise patience and avoid rushing into long or short positions.

If Bitcoin continues to rise, the key resistance level to watch is $67,000. This is a price point where many investors might take profits, potentially leading to selling pressure. On the other hand, if Bitcoin starts to decline, the strong support level lies around $63,000. However, I lean towards the scenario where Bitcoin dips back to the $62,500 - $63,000 range before it resumes its upward trend. This price range has been tested several times in the past and has shown resilience against selling pressure.

Tomorrow marks the beginning of a new trading week, which means we might see larger market movements as the market adjusts and reshapes its trends. Therefore, it’s crucial to remain patient and wait for clear signals from the market before making any trading decisions. This approach can help you minimize risks and maximize potential profits.

The cryptocurrency market is inherently volatile, and timing your trades accurately is essential. Patience is the key to success in such a challenging market environment.$BTC #btc #binance #bitcoin #margin

TON (Telegram Open Network) is Telegram's blockchain, a notable player in the crypto space. Recently, Telegram's CEO was arrested in France and faces up to 20 years in prison, raising concerns about TON's future. This event could lead to a significant drop in TON's value and related projects, similar to the collapse of LUNA after Do Kwon's arrest in 2023.

The CEO's arrest may undermine confidence in TON, potentially triggering a sell-off and steep price decline. However, shorting TON is a high-risk strategy that requires careful risk management and close monitoring of further developments. While it could yield short-term profits if prices fall, it also carries substantial risks, especially if the market unexpectedly recovers.$TON
#binance #TONCOIN/USDT #btc