Yesterday BTC maintained consolidation, the 4-hour trend remains healthy, pay attention to changes in trading volume, an increase in volume is expected to continue rising, the daily level's downward momentum is weakening, the trend remains healthy, the golden cross on the axis is likely to form again, a new round of rising is expected to begin, the weekly trend remains healthy, pay more attention to fundamental information, the Federal Reserve's interest rate cut process, light upward expectations during the day, focus on the resistance level of 118000, the new round of upward cycle at the weekly level is starting.
The second currency has started an independent market, with a 4-hour volume increase breaking through the 4000 mark, the upward momentum has broken through the resistance range, the daily level's downward momentum is weakening, the golden cross has formed, a new round of rising is expected to open, with continued upward expectations during the day.
Altcoins are rising in sync with mainstream coins, the altcoin index has slightly adjusted, but market sentiment is still not high, focus on BTC's market share situation, fiat currency buying signals, determine the altcoin startup signal, ETH-related coins are more affected by ETH, PENDLE has a good increase, breaking through with volume, can continue to hold.
Intraday market analysis
BTC's 1-hour and 4-hour levels have returned to a healthy state, the daily level has returned to a normal level, light upward expectations during the day, with support at 115500-116000 below and resistance at 117500-118500 above.
ETH's 1-hour and 4-hour levels have entered the overbought range, the daily level has entered the overbought range, continued upward expectations during the day, with support at 3950-4000 below and resistance at 4300-4400 above.
