Intraday Market Analysis:
Yesterday, BTC rose slightly more than expected, with a healthy 4-hour trend, returning above 116,500. Watch the 116,000 support and 118,000 resistance. The daily downward momentum is contracting, and a golden cross signal may form. The weekly structure is good, and a new round of upward movement is expected; continue to pay attention to the Federal Reserve's interest rate cut process.
ETH saw significant gains, breaking through short-term resistance in the 4-hour chart. Daily momentum is contracting, and a golden cross is approaching, possibly hitting the 4,000 mark.
Altcoins are slightly up, market sentiment is low, and funds have not significantly shifted. It is recommended to focus on high market cap ETH ecosystem projects with volume. PENDLE has broken through strongly and is expected to continue rising.
BONK is gaining popularity and may become a new wave of MEME hotspots; new projects can be continuously tracked.
Intraday Support and Resistance
BTC Support: 115,300-116,000 / Resistance: 117,500-118,500
ETH Support: 3,800-3,900 / Resistance: 4,000-4,100
Intraday Focus: ASR BIO A2Z BB PENDLE OG
