Yesterday BTC remained steady, the 4-hour repair situation is good, the downward momentum is beginning to weaken, the daily level has not yet finished consolidating, there are short-term signs of a peak, a pullback adjustment is needed, be patient and wait, the expectation for the day is to continue consolidating, in the longer cycle, a new round of weekly upward cycle has started.
Altcoins are following the mainstream and rising in sync, the altcoin index has slightly increased, and most altcoins are beginning to rise broadly, but liquidity transfer still needs to be waited on.
Intraday Market Analysis
BTC has returned to normal levels on the 1-hour and 4-hour charts, and the daily level has returned to normal levels. The expectation for the day is sideways consolidation, with intraday support at 116500-117000 and resistance at 119000-120000.
ETH has entered the overbought range on the 1-hour and 4-hour charts, and the daily level has also entered the overbought range. The expectation for the day is a pullback adjustment, with intraday support at 3200-3300 and resistance at 3400-3500.
