September 23rd Bitcoin and Ethereum Market Analysis: BTC and ETH Today's Highlights
Market Review
BTC continued to pull back yesterday, with no obvious negative news. The pullback was greater than expected, and the 4-hour trend broke through. It needs to be observed and sorted out. The daily level remains healthy. The interest rate cut is confirmed. After the adjustment, it is expected to start a new round of rising cycle. The weekly trend remains healthy.
The two cakes followed the BTC and pulled back synchronously, falling below the 42000 support level. The 4-hour trend broke through and needs to be observed and sorted. At the daily level, pay attention to the changes in volume. The adjustment is over and continue to be bullish.
The altcoin market is following the mainstream trend and the altcoin index is falling. Market sentiment is depressed again. Pay attention to the BTC market share, the fiat currency buying signal, and the altcoin launch signal. ETH-related 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 free stuff.
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 111000-112000 and the upper resistance is 113000-114000.
ETH 1 hour, 4 hour level is below the healthy range, the daily level is below the healthy range, the intraday is expected to maintain consolidation, the intraday support is 4050-4100, the upper resistance is 4200-4300
