5.7 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today

Market Review

Yesterday, BTC maintained a consolidation, the trend remained healthy, with a slight increase in the early morning, once again touching the resistance zone. Recently, more attention has been paid to fundamental information, the Federal Reserve's interest rate cut process, significant resistance above, and further expectations for consolidation throughout the day. The longer-term market is recovering; focus on the weekly golden cross situation and patiently wait.

Altcoins followed BTC in synchronized consolidation, patiently waiting for stabilization, with expectations for consolidation throughout the day.

Altcoins followed mainstream coins in synchronized adjustment, with small fluctuations. If mainstream coins stabilize, consider slight follow-ups. Recently, Binance has been active, with continuous Alpha points activities; you can brush up your points and wait for the next round of events. Activity on the SOL chain continues to rise, so pay more attention to MEME coins. Existing hidden coins should patiently wait for the market to warm up.

Today's Highlights:

BTC maintains a healthy level on the 1-hour and 4-hour charts, daily level remains healthy, expectations for consolidation throughout the day, with support at 95000-95500 and resistance at 97500-98000.

ETH maintains a healthy level on the 1-hour and 4-hour charts, daily level remains healthy, expectations for consolidation throughout the day, with support at 1750-1800 and resistance at 1830-1880.