2024.10.8 BTC.ETH intraday market analysis,

Good morning, everyone. Today is indeed a special day. Some are happy, some are worried. The A-share market opened and closed with all stocks hitting the limit up. On the other hand, BTC plunged more than 2000 points overnight, causing over 200 million dollars of liquidations across the entire network. Today, BTC failed to hold even the daily candlestick, so we must be on the defensive to prevent a pullback to the weekly support. It's okay to lose profits as long as the principal is still there, as there will be many opportunities. What we're afraid of is losing the principal, then we'll have nothing. Today, BTC failed to hold the daily candlestick, so we can only look for a rebound on a smaller time frame. The target for the rebound is around 63000. At least on the 4-hour time frame, if it closes above 63000, there will be a signal of a halt in the decline. If it fails to hold, it will continue to explore the support near 61600 and 60500, which are close to the weekly support.
ETH
Yesterday, ETH attempted twice to break the daily candlestick support at 2502, but failed to hold. Currently, below the weekly level, it is in a bearish trend. Today, on a smaller time frame, we first look for a rebound with a target of 2450. A stop-drop signal will only be generated if it can hold above 2450 for at least four hours. Otherwise, it will continue to explore the weekly support at 2365 and 2310. Be cautious when catching the bottom as the overall rebound is weak at the moment.