【2024.5.8 BTC/ETH intraday market analysis】

Grayscale suddenly withdrew its application for Ethereum ETF, and the price of the currency fell. In fact, from the side, the withdrawal must be considered in consideration of the risks and uncertainties in the later period. I often scold Ethereum as garbage. This round of bull market performance is not as strong as Sol. Why should such a garbage ETF be approved? You tell me that on-chain applications are awesome? Community consensus? Or do you say that staking mining and destruction are awesome, etc. are all bullshit. Everyone comes to speculate on coins, only looking at the price and not listening to the pie in the sky. No matter how awesome the boast is, the price determines the value. Look at the sharp rise of BNB-SOL-RNDR. If Ethereum does not make progress, its position as the second place for thousands of years may not be guaranteed. #大盘走势

Bitcoin Ethereum intraday trend analysis:

In the early morning analysis, if the big cake cannot stand at 63700, it will continue to fluctuate sideways in 4 hours. Pay attention to the daily support of 62250 below. It fell to around 62050 in the morning and then began to rebound. Someone should have eaten this short-term short. Today, the price of Bitcoin will focus on 62050. If it falls below this position, the daily rebound will fail and turn to short. Pay attention to the support levels of 61000-59800-58700.

Today, as long as it does not fall below the daily long and short price of 62050, the small level will rebound. Pay attention to the position of 63200 when it rebounds. If it stands firmly at this position, the 4-hour correction will end and it will start to rise. Pay attention to the upper target/pressure level of 63960-64500-65400. #BTC

Ethereum is too weak. Since the daily rebound ended yesterday and the market turned to short, there has been almost no strong rebound. The lowest price fell to around 3000 in the morning. Today, Ethereum rebounds and pays attention to the two pressure levels of 3053-3093 above. If it fails to rebound, there will be a short position opportunity. However, if it stands firm at 3093, short positions must be abandoned. This position is the long and short price at the daily level. If it stands above the daily line, it will start to rebound. Wait until the daily level rebounds to the two pressure levels of 3133-3177 before opening shorts!

If Ethereum fails to rebound today, pay attention to the support levels of 3000-2970-2935 below! #ETH