Yesterday, BTC continued to rise, breaking through the historical high again. A top divergence pattern formed on the 4-hour chart, and a pullback began during the early hours. We need to patiently wait for the consolidation to end. Tonight, CPI data will be released, which is a key focus and expected to be bearish. The daily chart is showing a long upper shadow, indicating signs of a potential top in the short term. A pullback and consolidation is expected during the day.
The second tier coins followed BTC in a synchronous consolidation and did not break through the 3100 resistance level. The downward momentum on the 4-hour chart has increased, and further consolidation is still needed. We need to patiently wait while the daily chart remains healthy, keeping an eye on the consolidation situation. A pullback and consolidation is expected during the day.
Altcoins are synchronizing with the mainstream in their consolidation, with a slight rise in the altcoin index. Most altcoins are starting to rise collectively, but we still need to wait for liquidity to shift and for the mainstream to stabilize.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels have returned to normal, and the daily level has also returned to normal. A pullback and consolidation is expected during the day, with support at 113500-114000 and resistance at 118000-119000.
ETH's 1-hour and 4-hour levels have returned to normal, and the daily level has also returned to normal. A pullback and consolidation is expected during the day, with support at 2750-2800 and resistance at 3000-3100.
