August 18th Market Report
BTC/ETH Yesterday's Market Review
BTC: Yesterday showed a consolidation trend, and it rebounded again this morning with increased volume. The upward momentum at the 4-hour level has weakened, and attention should be paid to changes in volume. The daily and weekly trends are still healthy. On a larger time frame, a new round of weekly uptrend has started, and more attention should be paid to fundamental information and the Fed's interest rate cut process. Intraday expectation is a slight pullback first, followed by consolidation.
ETH: Followed BTC to continue the pullback and consolidation. The 4-hour trend has changed, and the upward momentum is hindered, but the daily level remains healthy. Intraday expectation is also a slight pullback followed by consolidation.
Altcoins: Pulled back synchronously with major currencies. The altcoin index declined slightly, and market sentiment is still low. Pay attention to BTC dominance and fiat currency buying signals to determine the timing of altcoin launch. ETH ecosystem coins are greatly affected by the ETH market, and PENDLE can continue to be held. Binance has been active recently, and the Alpha points activity is being promoted continuously. It is recommended to actively participate in point accumulation, as there are many high-value "freebies" opportunities currently.
Intraday Market Analysis
BTC: The 1-hour and 4-hour levels are below the healthy range, and the daily level has returned to the healthy range. Intraday expectation is to maintain consolidation, with a support level of $114,000 and a resistance level of $118,000.
ETH: The 1-hour and 4-hour levels have returned to the healthy range, and the daily level is above the healthy range. Intraday expectation is to maintain consolidation, with a support level of $4,200 and a resistance level of $4,500.
