Bitcoin and Ethereum Market Analysis on September 2: What to Watch for BTC and ETH Today
Market Review
BTC maintained consolidation yesterday, recovered in 4 hours, and began to rebound in the morning. 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 progress of the Federal Reserve's interest rate cut. A slight rebound is expected during the day. 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 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. A slight rebound is expected during the day. The lower support is 108500-109500, and the upper resistance is 111000-112000.
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 4500-4600.
