Bitcoin and Ethereum Market Analysis on September 3rd: BTC and ETH Today’s Highlights
Market Review
BTC rose slightly yesterday, and the 4-hour trend recovered. The low divergence at the daily level is still there, but the amplitude is not large and still needs to be adjusted. The weekly trend remains healthy. Pay more attention to fundamental information and the Fed's interest rate cut process. It is expected to maintain consolidation 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 bottom divergence signal has been seen and it is expected to start rebounding. The daily level remains healthy. Pay attention to the changes in the downward potential. A slight rebound 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. It is expected to maintain consolidation during the day. The lower support is 108500-109500 and the upper resistance is 112000-113000.
ETH 1-hour and 4-hour levels are below the healthy range, and the daily level has returned to the healthy range. A slight rebound is expected during the day. The lower support is 4200-4300, and the upper resistance is 4450-4550.
