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September 29 BTC/ETH Strategy Analysis:
A big bullish candle, stretching from the soles of the feet to the hairline!
On Monday morning, the market changed, with prices showing a volume-driven surge that broke through the four-hour upper band. We took the big cake down from around 1180, and last Friday at the 1085 position, a bottoming signal appeared, indicating that we could enter the market. The big cake conversion was completed. The market is ever-changing; those who run slowly get hit, while those who turn quickly reap the rewards!
BTC
Currently, the market has broken through the upper resistance with increased volume on the four-hour chart. The moving averages are showing a bullish signal with a death cross forming, and the RSI has entered an overbought state. From the overall structure of the daily chart, this rebound is a normal demand. To fully enter a bullish trend, it needs to break and stabilize above 1157. There is still room for upward movement in the lower time frames. The support level during the day is 1114, and as long as this position holds on the hourly chart, the bullish trend can continue. Overall, the focus is on buying during pullbacks.
Focus on the range of 1113-1118, defend at 1105, target 1123-1132 for a breakthrough to look at 1140.
ETH
Although it's a bit weak, the overall trend is consistent with BTC. The key focus is still the 4070 support and resistance line. If it doesn't break during the four-hour pullback, there is still room for upward movement. For the upward momentum to be strong, it needs to stabilize above 4380.
Focus on the range of 4075-4098, defend at 4020, target a breakthrough at 4144-4214 to look towards 4260#BTC #ETH .