【2024.9.3 BTCETH Intraday Market Analysis】

Good afternoon, brothers. Yesterday, there was a big bullish candlestick, and many bloggers started to be bullish again. Some flip-floppers are looking at 40,000 when it falls and 70,000 when it rises. This new batch of suckers is really tough. Playing spot listening to some bloggers' shilling altcoins, now it's floating at a loss of over 40%. As for contracts, they are also mercilessly harvested back and forth. It's heartbreaking!
I can clearly tell everyone that this is just a Rebound, because 5.7 is the monthly level of long and short prices. If it falls below this position, the monthly level will pullback. Yesterday morning, it fell near the support level of this large level, so there was a bottoming Rebound.
This week, if BTC fails to break through the 611 weekly chart level, it will still be in a pullback. Only by breaking through the 611 level can this downturn be considered over and the trend begin to reverse. As for the daily candlestick chart, it will only rebound upward if it breaks through the 603 level.
Today's market analysis:
$BTC BTC is currently rebounding on the 1/2-hour and 4-hour longer levels, continuing to pump. Pay attention to the resistance levels around 59790-60325-61140 above!
If today's pullback touches the support level below, pay attention to the vicinity of 58780-58350-57920. If the 4-hour closing price falls below 58350, then this rebound will end!
$ETH Currently, on the 1/2-hour pullback and 4-hour Rebound, pay attention to the 2531 level above. Only by standing above this level can the pullback of this small level be considered to be over, and the market begins to rise. The target/resistance level above is around 2562-2594-2628.
If today's pullback pays attention to the vicinity of the support level at 2490-2436-2388, if the 4-hour closing price falls below 2490, then this Rebound will end!