Cryptocurrency Market Analysis on June 23👇
BTC broke below 100,000 yesterday, with a significant downtrend in the 4-hour chart, increasing downward momentum and a breakout in divergence pattern; the daily line has broken the repair trend, and we need to pay attention to changes in trading volume; the weekly chart is facing resistance in its upward movement, waiting for the daily line to repair. There may be an oversold rebound today, as the larger cycle has not broken down, we can continue to monitor the Federal Reserve's interest rate cut process.
ETH is falling in sync with BTC, showing increased volume in the 4-hour chart, the divergence pattern has failed, and the daily performance is poor, waiting for a rebound, with an expectation of an oversold rebound today. The altcoin sector is declining along with the mainstream, with the altcoin index low, waiting for the mainstream to stabilize before following up.
The ETH sector has many corrections; you can pay attention to new activities at #BSC , Alpha points, the MEME market, and the recovering SOL chain ecosystem. In the primary market, the activity on the SOL chain has decreased, while the BSC chain has seen a surge in trading volume due to GAS fee adjustments; the MEME sector can be a key focus, as potential coins may emerge.
Mainstream coin support and resistance for today:
BTC support at 99,500 - 100,000, resistance at 102,000 - 102,500;
ETH support at 2,150 - 2,200, resistance at 2,300 - 2,350
