Yesterday, BTC experienced a slight pullback and consolidation. The 4-hour trend has recovered, showing oscillation and consolidation. The daily level has repaired well, and the trend is returning to a healthy state. Pay attention to changes in trading volume. The weekly trend has shown some recovery, so focus more on fundamental information. The expectation for the day is to maintain consolidation.
The second coin has started an independent market trend, with a good 4-hour performance, a slight pullback, and is poised for action. The daily level's trend is somewhat aggressive but has repaired well, with healthy trading volume. However, the short-term increase has been too rapid, so watch for volume conditions on the 4-hour chart, with expectations for the day to remain consolidated.
Altcoins are following mainstream trends and rising in sync. The altcoin index is maintaining a moderate level, and market sentiment has somewhat recovered. Pay attention to BTC's market share, fiat buying signals, and determine the signal for altcoins to initiate.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels have returned to normal levels, and the daily level has also returned to normal. The expectation for the day is to maintain consolidation, with intraday support at 117000-117500 and resistance at 119000-119500.
ETH's 1-hour and 4-hour levels have returned to normal, while the daily level has entered the overbought zone. The expectation for the day is to maintain consolidation, with intraday support at 3700-3750 and resistance at 3850-3950.
