Bitcoin Ethereum Market Analysis: BTC, ETH Today's Highlights
Market Review
Yesterday, during the BTC pullback and adjustment period, the 4-hour chart consistently showed long lower shadows, indicating a good recovery trend and highlighting strong support. It is expected to continue its upward momentum. The daily level still requires time for consolidation, and the current market sentiment is positive, necessitating close attention to changes in trading volume; the weekly trend has gradually warmed up, and it is advisable to pay more attention to fundamental dynamics and the Federal Reserve's interest rate cut process. Overall, there is a high probability of continuing an upward trend during the day, and a new round of upward cycle on the weekly chart has been initiated.
ETH exhibited independent market characteristics yesterday, with the 4-hour adjustment in place, but the daily trend appears slightly aggressive. Although the trading volume remains healthy, the short-term price increase has been too rapid, indicating a need for consolidation, and it is expected to mainly trade sideways during the day.
Altcoins have adjusted in sync with mainstream coins, and the altcoin index remains at a moderate level, with market sentiment still relatively low. BTC's market share has begun to decline, and liquidity is gradually shifting. ETH ecosystem tokens are significantly affected by this and should be considered for moderate follow-up, with PENDLE showing stable performance and promising upward potential. Recently, Binance has been active with numerous events, and Alpha point accumulation activities continue to be launched, suggesting active participation in point accumulation, as there are currently many “wool” opportunities worth focusing on.
Today's Highlights
- BTC: The 1-hour and 4-hour levels have returned to normal, while the daily level remains above normal levels, with an expectation of continued upward movement during the day. Support range below is 117500-118000, and resistance range above is 120000-121000.
- ETH: The 1-hour and 4-hour levels have returned to normal, while the daily has entered the overbought range, and it is expected to consolidate sideways during the day. Support range below is 3550-3600, and resistance range above is 3700-3750.
#BTC #ETH
Market Review
Yesterday, during the BTC pullback and adjustment period, the 4-hour chart consistently showed long lower shadows, indicating a good recovery trend and highlighting strong support. It is expected to continue its upward momentum. The daily level still requires time for consolidation, and the current market sentiment is positive, necessitating close attention to changes in trading volume; the weekly trend has gradually warmed up, and it is advisable to pay more attention to fundamental dynamics and the Federal Reserve's interest rate cut process. Overall, there is a high probability of continuing an upward trend during the day, and a new round of upward cycle on the weekly chart has been initiated.
ETH exhibited independent market characteristics yesterday, with the 4-hour adjustment in place, but the daily trend appears slightly aggressive. Although the trading volume remains healthy, the short-term price increase has been too rapid, indicating a need for consolidation, and it is expected to mainly trade sideways during the day.
Altcoins have adjusted in sync with mainstream coins, and the altcoin index remains at a moderate level, with market sentiment still relatively low. BTC's market share has begun to decline, and liquidity is gradually shifting. ETH ecosystem tokens are significantly affected by this and should be considered for moderate follow-up, with PENDLE showing stable performance and promising upward potential. Recently, Binance has been active with numerous events, and Alpha point accumulation activities continue to be launched, suggesting active participation in point accumulation, as there are currently many “wool” opportunities worth focusing on.
Today's Highlights
- BTC: The 1-hour and 4-hour levels have returned to normal, while the daily level remains above normal levels, with an expectation of continued upward movement during the day. Support range below is 117500-118000, and resistance range above is 120000-121000.
- ETH: The 1-hour and 4-hour levels have returned to normal, while the daily has entered the overbought range, and it is expected to consolidate sideways during the day. Support range below is 3550-3600, and resistance range above is 3700-3750.
#BTC #ETH
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BTC
118,969.12
+0.67%
ETH
3,826.05
+2.46%