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Morning analysis of BTC/ETH on September 9
The midnight market fluctuated at a high position, with BTC rebounding to 109115 before pulling back, currently around 108800; ETH surged to 2627 before pulling back, currently around 2608. The bearish outlook from yesterday has been validated, and profits were made from intraday positioning.
On the four-hour level, the price of the currency has touched the upper track and retreated. Due to strong support, it is consolidating and gathering strength, with bulls ready to charge. On the one-hour level, the price of the currency is steady around the mid-track, in an upward channel, with a pullback at the low point moving up, building a short-term bottom. Today's pullback is an opportunity to go long.