September 4 Afternoon Bitcoin and Ethereum Market Analysis
After stalling at 82,282 in the early hours, Bitcoin was quickly pressured down from the highs to below 81,000. However, the subsequent pullback was limited, and it never fell below 80,500 or tested support at the 80,000 level. Ethereum’s price action leaned toward range-bound consolidation, fluctuating back and forth mainly within the 2,495–2,525 range, as the bull-bear tug-of-war temporarily eased. Much of the volatility is simply the market digesting itself, rather than a signal of a trend reversal. If strategies are hastily adjusted every time, it is easy to wear oneself down amid the back-and-forth swings.
On the 1-hour Bitcoin chart, following the recent rise, the Bollinger Bands are showing a bullish structure, but the current spread continues to contract, indicating signs of a short-term market shift. However, prices remain in the upper region. If the bullish trend remains strong, it could help open up new upside potential. The MACD is forming a bearish crossover above the zero line, with no signs of a slowdown in bearish momentum for now, while KDJ is showing a tendency to turn upward from the low-level oversold zone, limiting the overall correction space. Ethereum’s current Bollinger Band pattern is similar to Bitcoin’s, so for now, focus on the strength of support around the middle band, with no change to the intraday bullish outlook. $BTC #BTC收复8万美元 $ETH