Bitcoin and Ethereum Market Analysis on September 4: What to Watch for BTC and ETH Today
Market Review
BTC rose slightly yesterday, and the 4-hour trend has recovered, but it still needs to be consolidated. 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 second cake followed the BTC and rose slightly. The 4-hour trend remained healthy. The bottom divergence signal has been seen and it is expected to start a rebound. The daily level remains healthy. Pay attention to the change in downward potential. It is expected to continue to rise after a slight correction 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 have returned to the healthy range, while the daily level is below the healthy range. It is expected to maintain consolidation during the day. The lower support is 109000-110000 and the upper resistance is 112000-113000.
ETH 1 hour, 4 hour level returned to the healthy range, the daily level returned to the healthy range, the day is expected to rise slightly, the day's lower support 4250-4350, upper resistance 4500-4600
