Yesterday, BTC experienced a slight pullback, with no significant increase in volume observed over the past 4 hours, indicating the momentum is not strong. This is not a major issue, as the volume change on the daily level is not significant, adjustments are needed while waiting for a breakout. The weekly trend has shown some recovery; it is important to pay more attention to fundamental information. In terms of the larger cycle, the weekly chart has not broken down, and a new round of market activity is expected to start.
The second cryptocurrency followed BTC's synchronized pullback, with little fluctuation. Watch for support at 2500. The daily downward momentum is weakening, and we expect the market to remain in consolidation throughout the day. Altcoins are following the mainstream in a synchronized pullback, and the altcoin index is still not high, waiting for the mainstream to stabilize before considering further action.
Intraday Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour charts, and the daily level has also returned to a healthy range. We expect the market to remain in consolidation today, with support at 107000-107500 and resistance at 109000-109500.
ETH has returned to a healthy range on the 1-hour and 4-hour charts, and the daily level has also returned to a healthy range. We expect the market to remain in consolidation today, with support at 2450-2500 and resistance at 2600-2650.
