Yesterday, BTC underwent a correction and consolidation, with no negative fundamentals observed. The 4-hour trend remains healthy, and the correction prepares for future increases. The daily trend remains healthy, with a golden cross forming on the axis, indicating a new round of increases may begin. The weekly trend remains healthy, so pay close attention to fundamental information, such as the Federal Reserve's interest rate cut process. A slight increase is expected today.
The second contract has started an independent trend, with the 4-hour maintaining health. Pay attention to the volume situation; if the volume can be sustained, further increases are likely. The daily trend remains healthy, with a golden cross forming on the axis, suggesting a new round of increases may commence. A continued increase is expected today.
Intraday Market Analysis
BTC has returned to healthy levels at the 1-hour and 4-hour levels, while the daily level remains normal. A slight increase is expected today, with support at 118000-118500 and resistance at 120000-121000.
ETH has returned to healthy levels at the 1-hour and 4-hour levels, while the daily level has entered an overbought range. A slight increase is expected today, with support at 4150-4200 and resistance at 4400-4500.
