Yesterday, BTC experienced a slight increase, CPI data showed slight positive effects, the 4-hour trend remains healthy, maintaining an upward trend. The daily chart also remains healthy, with a golden cross forming on the axis, signaling the start of a new round of increases. The weekly trend remains healthy, so pay more attention to fundamental information, including the Federal Reserve's interest rate cut process, with expectations of continued upward movement throughout the day.
The second token has initiated an independent market trend, remaining healthy on the 4-hour chart with increased volume and unchanged upward expectations. The daily chart remains healthy, with a golden cross forming on the axis, initiating a new round of increases. Expectations for continued upward movement throughout the day, with altcoins following mainstream trends. The altcoin index has slightly corrected, and market sentiment has slightly recovered.
Intraday market analysis
BTC has returned to healthy levels on the 1-hour and 4-hour charts, with the daily chart maintaining normal levels. Expectations for a slight increase throughout the day, with support in the range of 118500-119000 and resistance at 121000-122000.
ETH has entered the overbought range on the 1-hour and 4-hour charts, and the daily chart is also in the overbought range, with expectations for continued upward movement throughout the day. Support is in the range of 4350-4400 and resistance at 4700-4800.
