June 19 Bitcoin Ethereum Market Analysis: BTC, ETH Highlights Today

Market Review

Yesterday, BTC remained stable, continuing to recover. The impact of geopolitical conflicts has weakened; the downward momentum on the 4-hour chart has started to diminish, but adjustments are still needed. Patience is required to see a breakout. The daily chart still needs consolidation, awaiting movement on the 4-hour level. The weekly trend remains healthy, with more focus on fundamental information, the Federal Reserve's interest rate cut process, and expectations for the day remain stable, paying attention to the support around 104,000. In terms of the larger cycle, the weekly golden cross has formed, and a new round of market activity is expected to start.

Altcoins are following BTC and consolidating synchronously; the 4-hour level still needs adjustments, and the downward momentum is not strong. There is a possibility of a breakout in the next couple of days. The daily chart remains healthy, keeping within a range-bound oscillation, paying attention to stability during the day.

Altcoins are synchronously consolidating with mainstream coins; the altcoin index is still low, waiting for mainstream coins to stabilize before considering follow-up. Tokens under ETH are heavily influenced by ETH, awaiting stabilization before considering follow-up. Recently, Binance has been very active with frequent events, and Alpha point activities are ongoing, so it's a good time to accumulate points while waiting for the next round of activities. The activity on the SOL chain is continuously rising, and MEME tokens can be given more attention.

Highlights Today:

BTC's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expectations for the day remain stable, paying attention to support levels. The support below for the day is 104,000-104,500, and resistance above is 105,700-106,500.

ETH's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expectations for the day remain stable, with support below at 2,430-2,480 and resistance above at 2,550-2,600.