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【2024.9.10 BTCETH Intraday Market Analysis + Weekly Market Analysis】
Good afternoon, brothers. The update is a bit late today. Last night's big surge has made many people start to be bullish. I want to make it clear that currently we are in a Rebound on a large time frame and a pump on a small time frame. BTC will only reverse to long position if it can stand above 60,000. Otherwise, it's just a Rebound.
Through the 4H Candlestick level pattern to see the Rebound after this wave of big dump, whether the bottom and top are constantly rising, this rise is formed, it must be pullbackLong. It's just that last night's wave of pump rose too violently, and the pump shot fast!
BTC this week Rebound resistance level: 585-598-611 support level: 53650-52510-50610
BTC this week Reboundresistance level: 2410-2520-2600 support level: 2225-2150-2075
Today's market analysis:
$BTC BTC is currently undergoing a small level pump pullback on the 4-hour timeframe. Pay attention to the support levels near 56240-55500-54800 below today's pullback.
As long as today's pullback doesn't fall below the 4-hour support level at 55500, it will still go up after a pullback. Pay attention to the resistance levels around 57100-57630-58140 on the upside! #BTC trend analysis
$ETH ETH is currently experiencing a small level pullback on the 4-hour timeframe Rebound. Pay attention to the support levels below the pullback today, around 2333-2307-2275.
As long as today's pullback does not fall below the support level of 2307 on the 4-hour chart, there will still be an upward movement after the pullback. Pay attention to the resistance levels around 2358-2381-2408 on the upside!