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On September 17th, the old suckers talked about coins: BTC, ETH intraday analysis.
Market Review and Analysis
The BTC market has stabilized at the 116 position line after directly closing at this point in the early hours of today. The highest point so far today is around 1171. According to the previous trends discussed, the expected pullback position has not been fully reached yet. It was also mentioned that around the 114 position would be close enough, as this round is driven by BTC's strong influence on the market. The lowest point started at 1143, leading to a rebound. The lowest point for ETH yesterday dipped to around 4420, which is close to the current support level provided. For the past two days, it has been oscillating within the 4400-4500 range, with not much downward movement. Especially in the current market situation, ETH is still relatively weak, lacking the strong stability of BTC. The overall performance of altcoins recently has not been great, but it’s not that bad either, and the recent fluctuations have been relatively small.
Today's Highlights
BTC has stabilized at the 116 level on the four-hour intraday chart, but today's upward movement is not very significant, with the highest point at 1171, which has not yet reached the 118 level. Just pay a little attention to the slight pullback during the day. The support points to focus on during the day are in the range of 115-116. Let's see if it will push up again in the evening. Overall, the market sentiment remains optimistic.
The four-hour trend of ETH is also showing a pin bar upwards, but the force is very small. The resistance points given yesterday were not reached. When BTC surged yesterday, ETH was still showing a pin bar movement up and down during the day, which is not very strong. This morning, it surged to a high point of around 4550, but has not yet touched the resistance area of 4480-4620 before quickly retracting. This wave mainly depends on BTC's upward surge, and ETH will continue to follow up later, so there is no rush. ETH is still focusing on the support level in the range of 4400-4500. As long as it can break through and stabilize again at around 4600, we can directly look at the range of 4800-5100.