【2024.7.31 BTCETH Intraday Market Analysis】

Good afternoon, buddies. Currently, all the Favourable Information expected by the market has been priced in. The vacuum period before the next Favourable Information is released is susceptible to Unfavourable Information and dumping. I believe everyone has noticed that BTC has been sluggish after hitting a new high. Some say it is due to the Mt. Gox dump, while others say it is due to the Biden election failure causing the US government to dump.
No matter what the reason, through the analysis of Candlestick, the wave of homeopathic pump on the day of BTC25 has already climaxed, and the 27th and 29th are just a few last slaps to the top, many people still think that there is a male rise, but they didn't expect it to be soft without a few moves!

Don't just rise and rush there, the pressure zone of several previous high points above suppresses it, and it's a bit difficult to go up without the push of Favourable Information. Although everyone is bullish on the long-term rise, the current Unfavourable Information factor makes everyone hesitant to buy, after all, Mt. Gox is really dumping!

Today is the last day of the month, and tomorrow will mark the closing of the monthly line. After reaching a high point this month, it will only start to fall back. Tomorrow we will know at what level next month can be tested. Waiting for a big wave next month, let's get on board, brothers! Spotget on board!

Today's market analysis:
BTC talked about the 65700 level last night. It kept breaking through during the night but managed to rebound without much strength. I guess everyone is just watching.
BTC's daily candlestick is currently experiencing a pullback on the weekly chart, and if it continues to decline today, pay attention to the previous low of 65260 during the Long Wick Candle at night. As long as it does not fall below this level today, the smaller timeframe will start rebounding after the bottom sideways oscillation, with targets/resistance levels around 66370-66970-67520. Only by firmly holding above 66970 can the market continue to move upwards!
If it continues to fall today and breaks the previous low of 65260, pay attention to the support levels near 64400-63450 below.

ETH rebounded after hitting the daily candlestick resistance level of 3255 yesterday and started to fall back. Today, pay attention to the resistance levels of 3305, 3340, and 3365 above for a potential rebound. Only when it stays above 3340 on the daily candlestick chart can a rebound begin!
If it continues to fall today, pay attention to the support levels around 3258-3230-3195 below! #BTC #ETH #GateioInto11 #比特币