8.11 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC slightly rose, in line with expectations, the 4-hour trend remains healthy, today it has started to increase in volume, the upward momentum continues to be maintained, pay attention to the volume situation, the daily level trend remains healthy, a golden cross is forming on the axis, a new round of upward movement is expected to begin, the weekly trend remains healthy, pay more attention to fundamental information, the Federal Reserve's interest rate cut process, intraday expectations continue to rise, focus on the resistance level of 123,000, from a larger cycle perspective, the new round of upward cycle on the weekly chart has started.

The altcoin has started an independent market trend, the 4-hour trend remains healthy but shows slight top divergence, pay attention to the volume situation, if the volume can be maintained, it is expected to continue to rise, the daily level remains healthy, a golden cross is forming on the axis, a new round of upward movement is expected to begin, intraday expectations continue to rise.

Altcoins are following the mainstream and rising synchronously, the altcoin index has slightly corrected, market sentiment is slightly recovering, pay attention to BTC's market share situation, fiat currency buying signals, determine the altcoin activation signals, Ethereum-backed coins are more affected by ETH, PENDLE has performed well, breaking out with volume, can continue to hold, recently Binance has had frequent activities, Alpha points activities are ongoing, you can redeem points, recently there has been a lot of 'big wool', you can take advantage of it.

Today's Highlights:

BTC has entered the overbought zone on the 1-hour and 4-hour levels, the daily level remains at a normal level, intraday expectations continue to rise, the support level below is 119,500-120,000, the resistance level above is 123,000-125,000.

ETH has entered the overbought zone on the 1-hour and 4-hour levels, the daily level has entered the overbought zone, intraday expectations continue to rise, the support level below is 4,150-4,200, the resistance level above is 4,400-4,500.