September 22nd Bitcoin and Ethereum Market Analysis: BTC and ETH Today's Highlights
Market Review
BTC maintained consolidation yesterday and fell in large volume this morning. No obvious negative news was seen. The 4-hour trend broke and needs to be observed and sorted. The daily level remains healthy. The interest rate cut is confirmed and a new round of rising cycle is expected to begin. The weekly trend remains healthy. In terms of the big cycle, a new round of weekly rising cycle has started.
The second cake followed the BTC to pull back synchronously. The 4-hour trend did not break. Pay attention to the 4200 support level. Pay attention to the change of volume at the daily level. The adjustment is over and continue to be bullish.
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 are below the healthy range, and the daily level has returned to the healthy range. It is expected to adjust and consolidate during the day. The lower support is 113500-114000 and the upper resistance is 115000-116000.
ETH 1 hour and 4 hour levels are below the healthy range, and the daily level has returned to the healthy range. It is expected to adjust and sort out during the day. The lower support is 4200-4250 and the upper resistance is 4400-4500.
