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As judged yesterday, the buy signal at the hourly level for BTC has been validated, with the support in the range of 113000-114500 being effective. The current price has surged to the 115600 level, successfully breaking through the key resistance level of 114500.
Currently, BTC is fluctuating around 115100, and the trend is highly consistent with our expectations of a four-hour rebound in the US stock market.
In terms of ETH, the hourly level support near 3555 is also effective, and then it once rose above 3700, successfully breaking through the key level of 3580 that we indicated. Currently, it is forming a new short-term support around 3666, showing a clear oscillation rhythm.
At the same time, a short-term sell signal has appeared on the four-hour level of the US stock market, which means that we need to observe whether this will affect the short-term sentiment of the cryptocurrency market.
It is worth noting that some altcoins have begun to show signs of capital reversal, especially among the top one hundred projects by market capitalization, where funds are gradually flowing into the top twenty core assets, such as **LTC** starting to enter a catch-up rhythm. This corresponds with the market expectation of a possible "liquidity release" window at the end of the month (policy or liquidity release).
Overall, the current market structure is characterized by quick rises and slow declines, mainly fluctuating, with increasing short-term divergence between bulls and bears, exhibiting certain characteristics of a washout. A one-sided trend has not yet emerged, and chasing after rises still requires caution. #ETH巨鲸增持 #九月降息预期