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2024.9.7 BTCETH Intraday Market Analysis]
Good noon, brothers. Waking up to the market data is really refreshing. I can only admire how quickly my long position from last night ran, otherwise I would have been buried.
Just now, I looked at the Square and the group, and some people said it's a Bear Market. It made me smile a little because I went to other communities before to share, and other teachers said the bull hadn't come yet. Now someone is saying the Bear Market is here. They say it's a bull market when it rises, and they say it's a bear market when it falls. What about faith? What I want to say is that BTC has been rising since 2.4 and has risen all the way to 7.38. The monthly chart has risen for 7 consecutive candlesticks. Now it's just a pullbackWhipsaw at the monthly chart level. Don't get on board before the bull comes, and start shouting bear when it falls. It's really a sucker behavior!
BTCSpot should be bought in batches, don't hesitate. I bought BTC in batches at 5.75-5.45, and the lower levels of 50k-48k-45k have been set up in batches, just waiting for it to fall further. If it falls, you dare not enter, you can only be a spectator in the second half of the bull, shouting 'bull is here' every day, and cursing yourself for holding a hand full of altcoins!
Today's market analysis:
$BTC As mentioned last night, if it falls below the previous low, it will continue to fall. The first support level given is 52485, and the lowest point of Long Wick Candle at night is 52510. Currently rebounding at the hourly level, pay attention to the resistance levels near 54390-55050-56200!
If today falls below 53635, the 1-hour Rebound failure will turn the market into a short position, pay attention to the support levels near 53000-52510-51420 below! #BTC Price Analysis
$ETH ETH fell below the second support level of 2170 that I provided and hit a low of 2150 at night. Currently, it is rebounding on the hourly chart. Pay attention to the resistance levels around 2273-2310-2365!
If today falls below 2220, the 1-hour Rebound will fail and the market will turn bearish. Pay attention to the support levels around 2186-2150-2115 below!