July 28 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights for Today

Market Review

Yesterday, BTC broke through resistance and continued to rise, the 4-hour trend is recovering, pay attention to the support at 118,000. If it holds, there is hope for further increases. The daily level is recovering well, and the trend is returning to a healthy state. Pay attention to changes in trading volume. The weekly trend has somewhat recovered, focus more on fundamental information, the Federal Reserve's interest rate cut process, and expect a consolidation during the day. In terms of the long cycle, a new round of upward cycle on the weekly chart has started.

The secondary market has started an independent trend, the 4-hour trend is good, a golden cross has formed on the axis, ready to launch, the daily level trend is somewhat extreme, but currently recovering well, with healthy trading volume. However, the short-term increase has been too rapid, pay attention to the volume situation in the 4-hour chart, and expect a continued rise today.

Altcoins are rising in sync with the mainstream, the altcoin index remains at a medium level, market sentiment has somewhat recovered, pay attention to BTC's market share situation, fiat buying signals, and judge the altcoin launching signals. Coins under ETH are more influenced by ETH, consider following up, pay attention to PENDLE, the trend is good, and it is expected to rise. Recently, Binance has been active, and Alpha points events are ongoing, you can use the points. Recently, there has been a lot of profit to be made, so take advantage of it.

Highlights for Today:

BTC's 1-hour and 4-hour levels have returned to normal, the daily level has returned to normal. Expect a slight pullback followed by a continued rise during the day, with support at 118,000-118,500 below and resistance at 120,000-121,000 above.

ETH's 1-hour and 4-hour levels have returned to normal, the daily level has entered the overbought zone. Expect continued rise during the day, with support at 3,750-3,800 below and resistance at 3,900-4,000 above.