Yesterday, BTC continued to decline, geopolitical conflicts escalated, with a significant drop in volume over 4 hours, breaking below the 100,000 mark, and the downward momentum intensified. The divergence pattern was broken, and further adjustments are needed. Patience is required to see it through. The daily level still needs to be consolidated, awaiting developments at the 4-hour level. The weekly trend has changed, and the upward momentum is hindered. Pay more attention to fundamental information, with expectations of a rebound from oversold conditions during the day.
The second-tier assets followed BTC in a synchronous decline. The 4-hour level saw another increase in volume, with intensified downward momentum. The divergence pattern was broken, and the daily level trend is not optimistic, with continuous declines while awaiting a rebound. During the day, there are expectations for a rebound from oversold conditions. Altcoins followed the mainstream in a synchronous decline, with the altcoin index still not high, waiting for the mainstream to stabilize before considering following up.
Intraday Market Analysis
BTC has entered the oversold range at the 1-hour and 4-hour levels, and the daily level is below the healthy range, with expectations of a rebound from oversold conditions during the day. The support level below is 99,500-100,000, and the resistance above is 102,000-102,500.
ETH has entered the oversold range at the 1-hour and 4-hour levels, and the daily level is below the healthy range, with expectations of a rebound from oversold conditions during the day. The support level below is 2,150-2,200, and the resistance above is 2,300-2,350.
