As September comes to a close, the Crypto Assets market has once again shown dramatic changes. Bitcoin (BTC), after rising from around $11,150, broke through the daily chart middle band resistance level, and then fell back to $11,480. In the short term, there have been eight consecutive hourly candles of decline, forming a clear consolidation range.



Currently, the market focus is on the neckline support around $11,300. If this support is broken, it may indicate that the short-term rebound has ended, and the market will enter a new round of adjustment phase. In this case, investors should closely monitor the support range of $11,220-$11,140. On the other hand, if the rebound continues, the upper range of $11,500-$11,550 will become the key resistance.

For Ethereum (ETH), its performance is slightly weaker compared to Bitcoin, with smaller price fluctuations. Currently, $4135 is an important support level. As long as the price remains above this level, there is still a possibility of a rebound in the short term. Considering the end of the month and the quarterly close approaching, the market may see some positive factors driving the price up.

In terms of trading strategy, Bitcoin can be considered for operations in the range of 11220-11260 USD, setting 11150 USD as the stop-loss point, with target price levels looking towards 11340-11430 USD, and if broken, one can expect 11500 USD. Ethereum can focus on the trading range of 4128-4142 USD, with 4070 USD as the defense level, and the upper target looking towards 4194-4245 USD, and if it can break through, it may challenge 4308 USD.

It is worth noting that the end of the month and quarter close often bring some uncertainty, and investors should remain vigilant, closely monitor market changes, and adjust strategies in a timely manner.
BTC-0.11%
ETH-0.93%
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TheShibaWhisperervip
· 9h ago
Another day of consolidation.
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PoolJumpervip
· 9h ago
Another wave of enter a position opportunities.
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GateUser-00be86fcvip
· 10h ago
Another Rug Pull is happening.
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