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【Analysis of BTCETH intraday market on 2024.9.8】
Good afternoon, guys. There's not much fluctuation in the market this weekend. Let's continue to look for a rebound. The current panic index is 29, which is not very low, and most people are bearish. If there is no strong rebound to pull up, then it will be a disaster, and there may be new lows!
BTC had a weak Rebound yesterday and started to decline after breaking the first resistance level. ETH was relatively strong and just rebounded to the second resistance level of 2310 that I gave yesterday before falling!
Today's market analysis:
$BTC Pay attention to the 54210 level today. As long as it does not fall below this level, the smaller time frames are in a Rebound market. Pay attention to the resistance levels near 54780-55940-57040 on the upside!
If it falls below the 54210 level today, this rebound will fail, and the market will continue to pay attention to the support levels around 53770-53000-52510 below! #ETH trend analysis
$ETH ETH today pay attention to the 2280 position, as long as this position is not broken, the small level is in a Rebound market, pay attention to the resistance level near 2310-2365-2408 above!
If today falls below the 2280 level, the Rebound of this wave will fail, and the market will go down to pay attention to the support levels around 2255-2220-2187 below!