2024.9.4 Today's market analysis: ##btc ##eth
Last night, the US stock market opened and the market began to fall. This morning, the market fell again and broke through 56,000. This position has been waiting for a long time and finally arrived. Should we follow the previous plan to buy the bottom here?
It can be clearly seen on the 4-hour chart that the market falsely fell below 56,000 and recovered, and it was very strong. I have reminded this position of 56,000 many times. I have said every time that if it falls below 56,000 and recovers, you must go long. I don’t know how many people have entered the market and gone long. If you don’t go long, don’t worry. There is still a chance when it falls back.
Here you need to look at 5 minutes. If you don’t fall below 56,000-56,200 in 5 minutes, you can consider long orders, and the upper pressure is 57,300-57,550.
The same is true for ETH. Here, a false breakout and recovery action was made. At the 5-minute level, the support strength of 2330-2340 can be seen. If it holds, you can consider long orders. The upper pressure is around 0.618 (2407).
At present, the market has finally made a clear move. The false breakout and recovery at the key position make the market structure clearer. Here, you can choose to find a position to go long without breaking the previous low.
Last night, the US stock market opened and the market began to fall. This morning, the market fell again and broke through 56,000. This position has been waiting for a long time and finally arrived. Should we follow the previous plan to buy the bottom here?
It can be clearly seen on the 4-hour chart that the market falsely fell below 56,000 and recovered, and it was very strong. I have reminded this position of 56,000 many times. I have said every time that if it falls below 56,000 and recovers, you must go long. I don’t know how many people have entered the market and gone long. If you don’t go long, don’t worry. There is still a chance when it falls back.
Here you need to look at 5 minutes. If you don’t fall below 56,000-56,200 in 5 minutes, you can consider long orders, and the upper pressure is 57,300-57,550.
The same is true for ETH. Here, a false breakout and recovery action was made. At the 5-minute level, the support strength of 2330-2340 can be seen. If it holds, you can consider long orders. The upper pressure is around 0.618 (2407).
At present, the market has finally made a clear move. The false breakout and recovery at the key position make the market structure clearer. Here, you can choose to find a position to go long without breaking the previous low.
