Yesterday, BTC experienced a significant pullback, larger than expected. The impact of geopolitical conflicts has begun to weaken. The 4-hour downward momentum is not strong, and no obvious volume increase has been observed; adjustments are still needed. At the daily level, we are waiting for the 4-hour to develop further, with a healthy repair in progress. The weekly level shows a healthy trend, and we remain optimistic about future market movements. Attention should be paid to the fundamental situation and the Fed's interest rate cut process. We expect to maintain consolidation during the day, with the long-term weekly level remaining healthy, and a new round of upward cycles is expected to start.
ETH has followed BTC down with significant volatility. The 4-hour level still needs adjustment, and the downward momentum is not strong. It is expected to develop positively in the near future. The daily level remains in consolidation, maintaining a range-bound oscillation. During the day, pay attention to the support level at 2450.
The altcoin sector has followed the mainstream downwards, and the altcoin index is still low. Attention should be paid to the stabilization of the mainstream before considering following up. The MEME market can be closely monitored, and the ecosystem on the SOL chain is recovering in popularity, which can also be closely monitored.
