Bitcoin and Ethereum Market Analysis on October 14: BTC, ETH Highlights Today

Market Review

Yesterday, BTC continued to rise, maintaining a healthy upward trend in the 4-hour chart. This morning, it surged again, breaking through historical highs. The daily chart remains healthy, with a golden cross forming on the axis, signaling the start of a new upward trend. The weekly chart also remains healthy, with a focus on fundamental information regarding the Federal Reserve's interest rate reduction process. Today's expectation is to maintain the upward trend, with the new upward cycle on the weekly chart beginning.

The second-tier altcoins have started an independent market, maintaining a healthy rise in the 4-hour chart with unchanged upward expectations. The daily chart remains healthy, with a golden cross forming on the axis, signaling the start of a new upward trend, with expectations of continued rise today.

Altcoins are following the mainstream upward trend, with a slight correction in the altcoin index. Market sentiment is showing slight recovery, so pay attention to BTC's market share situation, fiat currency buy signals, and determine the signal for altcoin activation. Tokens under ETH are greatly influenced by ETH, with PENDLE showing good gains, breaking through with increased volume, and can be held. Recently, Binance has been very active with frequent promotions, and Alpha points activities are ongoing, so you can use the points. There have been many big opportunities lately, so take advantage of them.

Today's Highlights:

BTC has entered the overbought zone in the 1-hour and 4-hour levels, with the daily level approaching the overbought zone. Today's expectation is for continued rise, with support at 121,000-122,000 and resistance at 124,000-125,000.

ETH has entered the overbought zone in the 1-hour and 4-hour levels, with the daily level also in the overbought zone. Today's expectation is for continued rise, with support at 4,500-4,600 and resistance at 4,800-4,900.