[2024.8.21 BTCETH Intraday Market Analysis]

BTC touched the Sideways resistance zone of 6.13-6.18 on the daily chart again yesterday and fell down, indicating that there is strong resistance above, and only by breaking through this resistance can it continue to pump. The support near 5.8 below can also be noted. You can short around the top and long around the bottom intraday.

Today's market analysis:
BTC's market analysis last night talked about the rebound without falling below the previous low of 58700 for the Long Wick Candle. It rebounded in the middle of the night to the first resistance level, then fell to the previous low and started to rebound again.
Pay attention to the position of 59230 during the day today. As long as it stays above this level on the 1-hour timeframe, a rebound will start on the 1-hour timeframe, with resistance levels/targets to watch near 59755-60650-61175!
If the 1-hour level falls below 59233 today and fails to recover, then this Rebound will end, and the market will continue to decline. Pay attention to the support levels around 58700-58050-57500 below!

Yesterday's analysis of ETH market stated that it would rebound if it didn't fall below the previous low of 2551 for Long Wick Candle. It rebounded in the middle of the night after reaching the first resistance level, then fell to near the previous low and started to rebound again.
Pay attention to the 2585 level during the day today. As long as the 1-hour timeframe stays above this level, the 1-hour timeframe will start a Rebound, and pay attention to the levels near 2605-2650-2688 as the resistance level/target!
If the hourly chart falls below 2585 today and fails to recover, this Rebound will end, and the market will continue to decline. Pay attention to the support levels near 2551-2515-2474 below! #BTC #GateioInto11 #ContentStar #ETH #比特币