Yesterday, BTC continued to rise, maintaining a healthy 4-hour trend and an upward trajectory. This morning, it once again increased in volume, breaking through the historical high. The daily chart remains healthy, with a golden cross forming on the axis, signaling the start of a new upward cycle. The weekly trend remains healthy, and it is important to pay attention to fundamental information, including the Federal Reserve's interest rate cut process, with expectations for continued rises today.
Second coin starts an independent trend; the 4-hour chart remains healthy, with increasing volume. The upward expectation remains unchanged, and the daily chart remains healthy, with a golden cross forming on the axis, initiating a new upward movement. Daily expectations continue to rise, with altcoins following the mainstream trend. The altcoin index has slightly corrected, and market sentiment is mildly recovering.
Intraday market analysis
BTC's 1-hour and 4-hour levels have entered the overbought zone, and the daily level is nearing the overbought zone. Expectations for continued rises today, with intraday support at 121000-122000 and resistance at 124000-125000.
ETH's 1-hour and 4-hour levels have entered the overbought zone, and the daily level is also in the overbought zone. Expectations for continued rises today, with intraday support at 4500-4600 and resistance at 4800-4900.
