Yesterday, BTC continued to rise as expected. The geopolitical conflict has paused, and a ceasefire agreement has been reached with Iran. Market confidence has been restored, and the 4-hour trend has returned to a healthy state, with the potential for further increases. The downward momentum on the daily level has decreased, a divergence pattern has been observed, and a golden cross has formed, indicating a possibility of continued growth. The weekly trend has shown some recovery.
The second cryptocurrency has followed BTC's upward trend. The trading volume on the 4-hour level has weakened, and a head and shoulders pattern has formed. The downward momentum on the daily level has weakened, and there is an expectation of continued upward movement, with attention to resistance above 2500.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour levels, and the daily level has also returned to a healthy range. The expectation for the day is for a slight pullback followed by continued upward movement, with intraday support at 106500-107000 and resistance at 108500-109500.
ETH has returned to a healthy range on the 1-hour and 4-hour levels, and the daily level has also returned to a healthy range. The expectation for the day is for continued upward movement, with intraday support at 2400-2450 and resistance at 2520.
