9.26 Market Analysis

Recently, the market has experienced sharp corrections, with Bitcoin breaking below the key support level of 110,000. This position now acts as resistance, and attention should be paid to whether 108,000 can hold. Ethereum has seen a consecutive decline for five days on the daily chart, continuing to drop this morning. A short-term rebound attempt to breach 4,000 has failed, showing clear weakness.

From the daily trend perspective, there is a high probability of continuing to test the wide-ranging bottom. Ethereum needs to closely monitor the 3,850 support level; if it breaks down with increasing trading volume, it will be a signal for bearish strength, and the decline may accelerate.

Trading Suggestions

Bitcoin range of 110,000-110,500, target down to around 108,000-108,500

Ethereum range of 3,950-3,980, target down to around 3,830-3,860 $BTC $ETH #加密市场回调 #美SEC和CFTC加密监管合作 #美SEC和CFTC加密监管合作 0#币安HODLer空投HEMI #狗狗币ETF进展