September 17th Bitcoin and Ethereum Market Analysis: BTC and ETH Today's Highlights
Market Review
Yesterday, BTC maintained consolidation and rose slightly. The 4-hour trend remained healthy. The volatility increased before the interest rate cut, but the trend did not change. The daily level remained healthy. Waiting for the interest rate cut, it is expected to start a new round of rising cycle. Focus on the interest rate meeting at 2 am on the 18th. It is expected to rise sharply. The weekly trend remained healthy. In terms of the big cycle, a new round of weekly rising cycle has started.
The two cakes follow the BTC to consolidate synchronously. The 4-hour trend remains healthy. The downward potential has not increased significantly. The daily level remains healthy, waiting for the rising cycle to start.
The altcoin market is consolidating synchronously with the mainstream. The altcoin index has risen rapidly recently, and market sentiment is still recovering slightly. 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 frequent activities 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, and the daily level has returned to the healthy range. A sharp rise is expected during the day. The lower support is 114000-115000, and the upper resistance is 118000-120000.
ETH 1 hour, 4 hour level returned to the healthy range, the daily level returned to the healthy range, and a sharp rise is expected during the day. The lower support is 4350-4400 and the upper resistance is 4800-5000.
