Yesterday, BTC maintained consolidation, and this morning it again saw increased volume and a pullback. The upward momentum on the 4-hour chart has weakened, so pay attention to changes in volume. The daily chart still shows a healthy trend, and the weekly trend remains healthy as well. Focus more on fundamental information, the Federal Reserve's interest rate cut process, and expect a slight pullback before maintaining consolidation during the day.
The second-tier coins continue to follow the lead of Bitcoin for further adjustments and consolidations. The 4-hour trend shows some changes, with upward momentum facing resistance. The daily level remains healthy, and the expectation for the day is to maintain consolidation after a slight pullback. Altcoins are synchronously adjusting along with the mainstream, with the altcoin index slightly pulling back, and market sentiment remains low.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. The expectation for the day is to maintain consolidation, with lower support between 114000-115000 and upper resistance between 117000-118000.
ETH's 1-hour and 4-hour levels have returned to the healthy range, and the daily level is above the healthy range. The expectation for the day is to maintain consolidation, with lower support between 4200-4300 and upper resistance between 4400-4500.
