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[2024.7.24 BTCETH intraday market analysis]


Good afternoon, buddies. Now BTCETHSpot's ETFs have all landed, and everyone's fear of missing out sentiment should be cooling down. The remaining Favourable Information is just waiting for the big wind of interest rate cuts to come. It's hard to have a general rise in the market before the interest rate cut. Don't expect your altcoin to have a big pump again. Mainstream funds always favor the mainstream. It is suggested that when there is a big pump, one should know how to leave the weak and strong in time, which is both wise and strategic!

Next, we should pay attention to the BTC conference on the 27th. It is said that Musk and Trump will both attend. You can follow Tokens related to them. The BTC compensated by Mt. Gox is the biggest Unfavourable Information. If all dumped, it could easily start with 4 according to the current market Depth.
But I am sure they will not sell all dump, after all, those who play BTC at that time, it means that the cognition at that time was already very high, if they are still playing now, most people have already accumulated wealth!

Today's market analysis:
BTC fell to the first support level I provided in the early morning and began to Rebound. Currently, the bottom of the 4-hour pullback is Sideways. The current 1-hour chart is showing a Rebound trend. Keep an eye on the resistance level at 66710 above for today's Rebound. To pump at the 4-hour level, it must stand firm above this position. Only when this 4-hour pullback is completed can the pump continue. If the pump continues, pay attention to the two positions above at 67620-68240 as the target/resistance level!
If today's Rebound fails to break through and the 1-hour level closes below 65800, the current 1-hour Rebound failure market will turn bearish. Pay attention to the daily support level at 65455 below, and if it falls below this level, the daily level will start to pull back. Pay attention to the levels near 64750-64000-63460 below!

ETH has weakened at the moment, falling to the vicinity of the second support level I provided in the early morning and then rebounding. Pay attention to the long and short prices at 3440 on the daily line. If it falls below this level today, the daily line will start to pull back. Currently, the 4-hour chart has started to go short. Pay attention to the 3464 level today. If the 4-hour level cannot hold above this level, the market will continue to move downwards. Pay attention to the vicinity of the support levels at 3414-3380-3345 below!
If you want to go up today, you must stand above 3464 on the 4-hour level. Only by standing above this position can the pullback on the 4-hour level be considered over. Pay attention to the targets/resistance levels near 3515-3562 above this position!
BTC4.04%
ETH5.74%
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