Yesterday, BTC experienced a mild pullback and adjustment, with slight volume increase. The 4-hour chart shows a corrective trend, continuing to maintain consolidation. The downward momentum on the daily level has weakened, continuing to wait for recovery. The weekly trend has shown some recovery, so pay more attention to fundamental information. The intraday expectation remains in consolidation.
The second-tier coins are following BTC in a synchronized adjustment. The upward momentum on the 4-hour chart has weakened, still requiring consolidation. The downward momentum on the daily level has weakened, so pay attention to changes in the 4-hour trend. The intraday expectation continues to maintain consolidation. Altcoins are synchronizing with the mainstream, and the altcoin index has returned to a lower level. Market sentiment is once again sluggish, so watch the BTC market share situation, fiat currency buying signals, and assess altcoin launch signals.
Intraday market analysis
BTC has returned to a healthy level on the 1-hour and 4-hour charts, and the daily level is back to normal. The intraday expectation remains in consolidation, with support at 112000-112500 and resistance at 114500-115000.
ETH has returned to a healthy level on the 1-hour and 4-hour charts, and the daily level is also at a healthy level. The intraday expectation remains in consolidation, with support at 3450-3500 and resistance at 3650-3700.
