【2024.9.5 BTCETH intraday market analysis】

Good afternoon, brothers. Do you still remember that after a big dump, there must be a rebound, and after a big rise, there must be a pullback? Recently, after a big dump in the daily candlestick chart, there will always be a rebound.
Just like last night, both BTC and ETH rebounded to the vicinity of the second resistance level before starting to decline. Those who got on board basically have a profit of two or three points. Currently, it has fallen to the pullback support level mentioned last night. For those who shorted, please pay attention to the support level I provided. When it reaches the support level, take profit or reduce position in batches!

Tonight at 8:30, there will be data on employment and unemployment benefits. Everyone should pay attention to the impact of the data release on market data!
Today's market analysis:
$BTC Currently, the 4-hour Rebound of BTC is ending, and the market is turning bearish. Pay attention to the 57440 level today. Only if the closing price of the 2/4-hour timeframe is above this level, the market will continue to move upward. The targets/resistance level above are around 58330-59100-59800!
If the 2/4-hour level does not close above 57440 today, it means that the pump is not strong enough. If it falls, pay attention to the support levels around 56520-56110-55555 below! #BTC trend analysis
$ETH ETH is currently in a 4-hour Rebound trend reversal. Pay attention to the 2430 level today. Only if the closing price on the 2/4-hour chart is above this level, the market will continue to move upwards. The upper targets/resistance level to watch for are around 2465-2490-2519.
If the 2/4-hour chart does not close above 2430 today, it means the pump lacks strength. If it falls, pay attention to the support levels around 2386-2361-2338 below.