September 24 Bitcoin Ethereum Market Analysis and Trading Suggestions

CN
1 hour ago

The BTC market just reached the 4-wave flag adjustment area mentioned in yesterday's analysis, near 82800-84000 (which is also the Fibonacci retracement 50.0-61.8 area). Currently, it is consolidating in a small range. As long as it stabilizes in this area this week, the market will push higher again. However, the lower edge of the upper box at 85000-85400 will create short-term pressure. Note that this is a new central area after a recent breakthrough, and it generally becomes difficult to go up again after breaking down.

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ETH is currently also experiencing a small-level consolidation. Last night, it dropped to the key support level of around 2630 mentioned in yesterday's analysis, followed by a slight rebound. Currently, the upward pressure is around 2700-2715, which is also the support position that held during the first retest after the prior high. Today, the focus is on this level. If it falls below 2600, the critical bull-bear dividing line at 2560 is at stake. As long as it doesn’t break that, the market will rise again.

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(The strategy is for reference only; the chart was drawn yesterday and can continue to be referenced.)

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