September 11th Bitcoin and Ethereum Market Analysis: BTC and ETH Today's Highlights
Market Review
BTC rose slightly yesterday, and the 4-hour trend remained healthy, with slightly increased volume, resuming the upward trend. The daily level is waiting to choose a direction and is expected to start rising. The weekly trend remains healthy. Pay more attention to fundamental information, the Fed's interest rate cut process, and the CPI data released during the day. If it is lower than expected, the probability of continued rise is high. In terms of the big cycle, a new round of weekly rise cycle has started.
The two cakes follow the BTC to consolidate synchronously. The 4-hour trend remains healthy. The consolidation is nearing the end and is expected to start rising. The daily level remains healthy, waiting for the rising cycle to start. The intraday expectation is to maintain an upward trend.
The altcoin market is consolidating synchronously with the mainstream market. The altcoin index remains neutral 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 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, and the daily level has returned to the healthy range. It is expected to continue to rise during the day. The lower support is 111500-112000, and the upper resistance is 115000-115500.
ETH 1 hour, 4 hour level returned to the healthy range, the daily level returned to the healthy range, the day is expected to continue to rise, the day's lower support 4250-4300, upper resistance 4500-4600
