July 1 Market Outlook:
Yesterday, BTC experienced a slight pullback, and the 4-hour volume is not strong. We need to pay attention to changes in volume. The downward momentum on the daily chart has diminished, a divergence pattern has been observed, and a golden cross has formed, indicating a potential for continued upward movement. Weekly trends have shown some recovery, so we should focus more on fundamental information and monitor changes in the 4-hour trend throughout the day.
The second-tier coins are adjusting in sync with BTC, with good correction at the 4-hour level. The downward momentum on the daily chart is weakening, and there is potential for further increases today. Watch for resistance around 2500-2550. Altcoins are following mainstream trends and consolidating, with the altcoin index still not high. We will consider entering once mainstream coins stabilize.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour charts, and the daily chart has also returned to a healthy range. Today, we expect consolidation with support at 106000-106500 and resistance at 108000-108500.
ETH has returned to a healthy range on the 1-hour and 4-hour charts, and the daily chart has also returned to a healthy range. Today, we expect a slight increase with support at 2420-2450 and resistance at 2530-2600.
