Yesterday, BTC remained in consolidation, maintaining a healthy trend. It reached the resistance zone above, and a short-term breakout is not easy; adjustments are still needed. Recently, we will focus on the fundamental situation and the Federal Reserve's interest rate cut process. The expectation for the day is to continue consolidating, and the long-term market is recovering.
ETH followed BTC in simultaneous consolidation, maintaining a healthy trend. The expectation for the day is to continue consolidating, with a strong patience to wait for stabilization.
The altcoin sector followed the mainstream in simultaneous consolidation, with most cryptocurrencies not showing significant movements. After the mainstream stabilizes, we can consider starting to follow. BSC has launched the latest activities, and the MEME market is worth paying close attention to.
Intraday market analysis
BTC's 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to a healthy level. The expectation for the day remains consolidation, with support at 93,000-93,500 and resistance at 95,000-95,500.
ETH's 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to a healthy level. The expectation for the day remains consolidation, with support at 1,700-1,750 and resistance at 1,830-1,880.
