Bitcoin and Ethereum Market Analysis on September 1st: BTC and ETH Today’s Highlights
Market Review
BTC maintained consolidation yesterday and continued to adjust in the 4-hour period. No clear rebound signal was seen. The low divergence at the daily level was not obvious and still needed to be adjusted. The weekly trend remained healthy. Pay more attention to fundamental information and the Fed's interest rate cut process. It is expected to be slightly protected during the day. In terms of the big cycle, a new round of weekly upward cycle has started.
The two cakes follow the BTC to consolidate synchronously. The 4-hour trend remains healthy. The downward potential has increased. It is necessary to adjust and accumulate strength. The daily level remains healthy. Pay attention to the changes in downward potential. A slight correction is expected during the day.
The altcoin market is consolidating synchronously with the mainstream market. The altcoin index remains neutral and market sentiment is still not high. Pay attention to the BTC market share, the fiat currency buying signal, and the altcoin launch signal. ETH-affiliated currencies are more affected by ETH. PENDLE can continue to be held. Binance has been active recently, and Alpha points activities are continuous. You can brush up your points and get some bargains.
Today's highlights:
BTC 1-hour and 4-hour levels are below the healthy range, and the daily level is below the healthy range. A slight correction is expected during the day. The lower support is 105000-106000, and the upper resistance is 108000-109000.
ETH 1-hour and 4-hour levels are below the healthy range, and the daily level has returned to the healthy range. A slight callback is expected during the day. The lower support is 4200-4300 and the upper resistance is 4450-4550.
