September 8th Market Report

BTC/ETH Yesterday's Market Review

BTC

Yesterday maintained consolidation, 4-hour trend is healthy, volume slightly decreased;

In the short term, waiting for directional choice and Federal Reserve interest rate cut news. If favorable conditions are realized, there is hope for recovery upward;

Daily level is also in a waiting phase, weekly trend remains healthy;

It is recommended to pay attention to fundamental information, especially the Federal Reserve's interest rate cut process;

Intraday expectations maintain consolidation, in the long term, a new round of weekly upward cycle has started.

ETH

Following BTC for consolidation, 4-hour trend is healthy, consolidation is nearing its end, rebound signals are appearing;

Daily level is healthy, waiting for the upward cycle to start;

Intraday maintains consolidation.

Altcoins

Following mainstream coins for consolidation, the altcoin index remains neutral, market sentiment is low;

Focus on BTC market share and fiat buying signals to determine the pace of altcoin launch;

ETH ecosystem coins are greatly influenced by ETH; PENDLE can continue to hold;

BSC has been active recently, Alpha points can be earned more frequently, and it’s easy to benefit from the situation.

Intraday Market Analysis

BTC

1-hour/4-hour levels return to a healthy range, daily line is slightly below the healthy range;

Intraday expectations for consolidation;

Support: 109,000-110,000

Resistance: 112,000-113,000

ETH

1-hour/4-hour levels slightly below the healthy range, daily line returns to the healthy range;

Intraday maintains consolidation;

Support: 4,200-4,250

Resistance: 4,400-4,500

Summary

Mainstream coins are consolidating in the short term, waiting for directional confirmation;

Altcoins are overall cautious, attention can be paid to ETH ecosystem and high market cap altcoins;

Activity-related opportunities (such as BSC/Alpha points) can be participated in easily, assisting in returns.

Continuously monitor: $ETH $BNB $SOL #山寨币市场回暖 #RWA总规模持续增长 #币安HODLer空投OPEN #Metaplanet增持比特币