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【2024.8.17 BTC Ether Intraday Market Analysis】
BTC is currently rebounding at the 4-hour level and starting to rise at the 1/2-hour level. Pay attention to the 59200 level today. As long as the 1-hour closing price stabilizes above this level, the market will continue to move upwards. The upper targets/resistance levels to watch are around the 59750-60530-61550 positions!
If the hourly close today does not stand above 59200, it indicates that it still cannot go up. Pay attention to the support levels around 58830-58460-57690 on the pullback. As long as it does not break below 58460 today, the market will still oscillate upward. If it breaks below, the 4-hour rebound will fail, and the market will turn bearish!
Pay attention to the 2605 position for Ether today. Only if it stands above this position can we expect a rebound on the 1/2/4 hour levels. The target/resistance levels to watch above are around 2625-2660-2682!
If it can't stand above 2605 today, the rebound will be weak, and if it continues to fall, pay attention to the support level around these positions: 2585-2568-2542! #BTC