Yesterday, BTC continued to consolidate, retracing further and falling below the support level of 107000. The 4-hour level still needs to be corrected, while the daily level shows a top divergence that remains. Waiting for the daily to break out. The weekly trend remains healthy, with the expectation of continued consolidation during the day. Patience is required. In the long term, the weekly golden cross is taking shape, and a new round of market activity is expected to start.
The altcoin followed BTC's consolidation, failing to hold above 2700 and dropping back down. The 4-hour trend remains healthy, waiting for the major coin to stabilize. Observing during the day, once the major coin stabilizes, it can be considered for follow-up. Altcoins are consolidating in sync with the mainstream, market sentiment is low, and the altcoin index has once again retraced to a low level. If the mainstream stabilizes, it can be considered for follow-up. Pay attention to meme coins and ETH-related tokens.
