Market Analysis

BTC Trend Analysis

Operation Points:

As shown in the chart, BTC and the overall market still have not seen significant volatility or a clear direction. After the high point of 124,500, it has been in a range-bound and slightly bearish phase. Following the low point of 107,200 at the beginning of the month on September 1st, there was a weak rebound, but this rebound was not strong as it did not break out significantly upwards, and 113,000 has not been effectively broken through. Yesterday, it rebounded to a high of 112,867 before falling back again. The local trend remains within the range of 109,400 to 113,000. Therefore, operations should still refer to this range for short-term high-level shorting and low-level longing, but attention should be paid to short-term operations, as the trend is quite chaotic and the continuation of the trend is poor.

BTC 6-Hour Chart

ETH Trend Analysis

Operation Points:

As shown in the chart, ETH's medium-term trend is chaotic, with the high point of 4,957 followed by gradually lower highs, showing a range-bound and slightly bearish trend. However, the lower end still has some bullish defense. On the short term, after a sudden rise on Friday night, it immediately dropped to a relative support level, and over the next two days, due to weekend factors, it showed narrow fluctuations at the lower end. This narrow range continued into last night, where it slightly improved and pushed upward, but ETH has not changed its downward trend, with weak bulls, limited upward momentum, and ultimately fell back again. The market is like a dead pool, with little operational value. In comparison, altcoins have some fluctuations, with most showing strength in the short term, but caution is needed to avoid being pulled up and then falling back. Therefore, it is not advisable to chase long positions, and profit protection should be considered for bull gains.

ETH 6-Hour Chart

Today's Altcoin Recommendation

Crypto News