Yesterday, BTC experienced a slight increase, as expected. The 4-hour trend remains healthy, and today it has started to rise with increasing volume. The upward momentum continues to be maintained, so pay attention to the volume situation. The daily level trend remains healthy, with a golden cross forming on the axis, indicating that a new round of increases may begin. The weekly trend remains healthy, and more attention should be paid to fundamental information, including the Federal Reserve's interest rate cut process. The expectation for today is to continue rising, with a focus on the resistance at 123000.
The second coin has initiated an independent market trend, maintaining health on the 4-hour chart, but a slight top divergence can be seen. Pay attention to the volume situation; if the volume can be maintained, further increases are expected. The daily level remains healthy, with a golden cross forming on the axis, indicating that a new round of increases may be opened. The expectation for today is to continue rising.
Intraday market analysis:
BTC has entered the overbought zone on the 1-hour and 4-hour levels, while the daily level remains at a normal level. The expectation for today is to continue rising, with support in the range of 119500-120000 and resistance at 123000-125000.
ETH has entered the overbought zone on the 1-hour and 4-hour levels, and the daily level has also entered the overbought zone. The expectation for today is to continue rising, with support in the range of 4150-4200 and resistance at 4400-4500.
