Bitcoin and Ethereum Market Analysis on September 29: What to Watch for BTC and ETH Today
Market Review
BTC maintained consolidation yesterday and rebounded slightly with large volume in the early morning of today. The 4-hour trend is under repair and needs to be observed and sorted. The daily level remains healthy and attention is paid to the interest rate cut. After the adjustment, it is expected to start a new round of rising cycle. The weekly trend remains healthy.
The second cake is consolidating synchronously with the BTC, with a slight rebound. Pay attention to the breakthrough of 4200. It is repairing in 4 hours. It has already slightly diverged from the low level and needs to be observed and sorted. Pay attention to the change of volume at the daily level. The adjustment is over and the general direction remains bullish.
The altcoin market is consolidating synchronously with the mainstream market. The altcoin index has fallen, and market sentiment is depressed again. 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. Recently, Binance has frequent activities and Alpha points activities. You can brush up your points and get some free stuff. Binance has frequent activities and Alpha points activities. 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. A slight rebound is expected during the day. The lower support is 110500-111000, and the upper resistance is 112000-113000.
ETH 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 4000-4050 and the upper resistance is 4200-4250.
