Yesterday BTC remained stable, and today it has started to rise slightly, breaking through the historical high again. The 4-hour chart has once again entered the overbought zone, with declining momentum reducing. The trend is healthy, and there is hope for a new high, with attention on the resistance level of 120,000. Successfully breaking through the upper resistance will weaken.
The daily level remains good, with increased volume, and it has successfully broken out. It is expected to continue rising. The weekly trend has somewhat recovered, and the intraday expectation is for continued growth. In terms of the larger cycle, a new round of upward movement on the weekly chart has started.
Ethereum is following BTC with a synchronized consolidation, once again standing above the 3,000 mark. The 4-hour level remains healthy, with declining momentum reducing. The adjustment has been completed, and the daily level remains healthy, with volume starting to increase. The intraday expectation is for continued growth.
Intraday market analysis
BTC's 1-hour and 4-hour levels have entered the overbought zone, with the daily level also entering the overbought zone. The intraday expectation is for continued growth, with support at 118,500-119,000 below and resistance at 120,000-122,000 above.
ETH's 1-hour and 4-hour levels have entered the overbought zone, with the daily level also entering the overbought zone. The intraday expectation is for continued growth, with support at 2,900-2,950 below and resistance at 3,100-3,300 above.
