2024.9.21 Today's market analysis:

Yesterday's market did not fluctuate much, and it maintained volatility. There is nothing wrong with volatility. We need to give market funds the opportunity to participate in other currencies. We cannot rely on the big cake alone. The whole market must be good. ETH became stronger yesterday. Today, it is the weekend, and mainstream funds are flowing out to find opportunities for copycats. The Japanese yen did not raise interest rates yesterday, which is good news. Bullish sentiment can continue to spread.

On the BTC 1-hour chart, whether the potential head and shoulders top pattern will be established remains to be discussed, but the idea is definitely to focus on low-to-high. If the trend is high, go long. The focus below is still 62200-61900 and 60600-61000 areas. If you can hold it, consider long orders.

On the ETH 1-hour chart, there is a need for a callback here. From the bottom 2150 upwards, it has gone out of the rising structure and retraced 0.618 upwards. It just came to the amplitude of 1:1 and fluctuated, and a false breakthrough was also made here.

The 15-minute chart is clearer. The false breakout was withdrawn, and the price could not go up again near 2570, which is a point for aggressive short orders. Below, consider filling the gap of the rapidly rising positive line and consider long orders, which is around 2460-2480.

At present, the market is accumulating bullish sentiment, but the market is not a market that only rises without a correction, so you should wait for a pullback to consider entering a long order. On weekends, you can consider entering the market with the cottage that was relatively resistant to declines in the early stage to see if there will be an accelerated rebound. ##btc ##eth