June 24 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today

Market Review

Yesterday BTC underwent a rebound after being oversold, with the rebound exceeding expectations. The geopolitical conflict is expected to pause, and the 4-hour volume has increased again, returning to the original fluctuation range. The daily level's downward momentum has decreased, and a divergence pattern has been observed, waiting for the 4-hour level to develop. The weekly trend has changed somewhat, with upward momentum facing resistance. It is important to pay more attention to fundamental information, the Federal Reserve's interest rate cut process, and the expectation for continued rebound during the day. In terms of the larger cycle, the weekly level has not broken down, and a new round of market activity is expected to start.

Altcoins are rebounding in sync with BTC, and the 4-hour volume has increased again. The head and shoulders pattern is expected to take shape, while the daily level's downward momentum is relatively weak. The expectation for continued rebound during the day is noted, with attention to the resistance at 2500.

Altcoins are rebounding in sync with mainstream coins, but the altcoin index is still low, waiting for mainstream coins to stabilize before considering follow-ups. ETH-related tokens are heavily influenced by ETH, waiting for stabilization before considering follow-ups. Recently, Binance has been frequently active with Alpha points activities, which can be used for point accumulation 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.

Today's Highlights:

BTC has returned to a healthy range at the 1-hour and 4-hour levels, with the daily level also returning to a healthy range. The expectation for continued rebound during the day is noted, with support at 103500-104000 and resistance at 106000-106500.

ETH has returned to a healthy range at the 1-hour and 4-hour levels, while the daily level is below the healthy range. The expectation for continued rebound during the day is noted, with support at 2300-2350 and resistance at 2500-2550.