BTC Ether recent trend analysis

The market in the past couple of days has been mainly fluctuating, with little volatility up and down, making it suitable for short-term operations. BTC has fluctuated between 2000 to 3000 points, while Ether has seen fluctuations of 100 to 200 points. The bulls and bears are still in a tug-of-war, and a real one-sided trend has not yet emerged, but it should be coming soon. The trading volume of BTC and Ether in the last two days has clearly been insufficient to drive up prices, which is something everyone needs to pay attention to. Only when the trading volume increases can we truly confirm the start of a bullish trend.

BTC is currently raising its bottom at the 15-minute level, slowly building a base, so for the next few days, BTC can be traded primarily with long positions. The 4-hour level also shows an upward trend. BTC is currently constrained by the resistance level near 113500, which is the third attempt to break through this resistance; if the breakout fails, it will gather strength to move downward. Today's upper resistance for BTC is seen around 113300 and 114600. The lower support levels are around 110800, 109900, 109200, and 108300. During the day, pay attention to the level near 111400, which is the boundary line for bulls and bears. As long as this level is not broken, long positions can continue to be held; if it breaks, profits can be taken.

Ether's performance has been weak these days, similar to BTC, with no increase in volume and no funds entering the market. Therefore, when it rises a bit, it immediately plunges down. Ether is currently oscillating in the range of 4250 to 4380. 4250 serves as the bottom of the oscillation, while 4380 is the top. Buy near the bottom and take profit near the top, short at the top, and take profit near the bottom. Operate this way. Set stop loss if it breaks below the bottom or breaks above the top.

Recently, there haven’t been any major negative news, and the interest rate cut is about to be implemented, with a lot of positive news. However, if the positive news still cannot drive the market, it will turn into negative news. Market sentiment dominates everything!
Manage your positions well and set stop-losses! #ETH走势分析 #Gate广场创作点亮中秋