Yesterday, BTC maintained its consolidation, with a slight rise this morning. The 4-hour repair situation is good, and the downward momentum is beginning to weaken. The adjustment has been completed, and there is hope for continued upward movement. The daily level still needs consolidation, but market sentiment is good, and the adjustment process may end early. Pay attention to changes in trading volume and focus more on fundamental information, with expectations for continued upward movement during the day.
The secondary market has initiated an independent trend, breaking through the resistance level of 3600 this morning, exceeding expectations. The 4-hour trend is volatile and theoretically needs repair, but market sentiment is FOMO, so indicators can be ignored. The daily level trend is volatile, with trading volume remaining healthy, and expectations for continued upward movement after slight adjustments during the day.
Altcoins are rising in sync with the mainstream.
The altcoin index has started to rise, with most altcoins beginning to rally. BTC's market share is starting to decline, and liquidity is beginning to shift. Altcoins under ETH are more influenced by ETH, so they may be considered for follow-up. Pay attention to PENDLE, which has a good trend and is expected to rise.
Intraday market analysis.
BTC's 1-hour and 4-hour levels have returned to normal levels, while the daily level is above normal. Expectations for the day are starting to rise, with intraday support at 118500-119000 and resistance at 123000-125000.
ETH's 1-hour and 4-hour levels have entered the overbought zone, and the daily level has also entered the overbought zone. Expectations for the day are for a pullback followed by continued upward movement, with intraday support at 3450-3500 and resistance at 3700-3800.
