[2024.1.17 BTC/ETH intraday market analysis]

Big Pie and Ether rushed through the 4-hour sideways pressure level in the early morning, but fell down before they could stand firm. Without breaking through and standing above the sideways pressure level, the bulls were still not very strong, so they waited until they stabilized above the pressure level. Multi-talented is more stable. The daily strategy is to go high and low and go long in the sideways market, with a good stop loss and no pattern!

Judging from the daily line, the Ethereum has closed at the bottom for two consecutive days. The probability of rising is still quite high, but we must be careful to step back and then pull up like last night. Many brothers were frightened and took a little profit. I ran away. The position of 42100 in last night's market pie was the second support position I gave at noon yesterday. Ether 2500 was the support position I gave in the live broadcast room at 8.30 last night. Everything that should be reached has arrived!

Today’s order ideas:

Ether is currently making a 1-hour correction, and the 2/4-hour daily line is bullish. Pay attention to the 2-hour support level of 2565 below during the correction. If it falls below, look at the three support levels of 2545-2515-2490. If the correction does not fall below, go long. If it falls below the 2490-day line, go long. Long orders give up at the support level.

Pay attention to the three positions of 2600-2620-2655 at the upper pressure level/target level today.

The market is still fluctuating widely within the 4-hour sideways range. At the top, focus on the pressure level around 43350-43600-44200. If it breaks through and stands at 43600, and breaks through the sideways range in 4 hours, it will be powerful to go long. The upper target is 44200 (day Line) 45300-46000 near these locations

The lower support level is around 42480-42050-41730-41350. #BTC #ETH/USDT