Yesterday, BTC continued to adjust and consolidate. The 4-hour trend has changed somewhat, with the downward momentum weakening and an initial low divergence pattern observed. The daily chart remains healthy, the downward momentum is starting to weaken, and the weekly trend remains healthy. More attention should be paid to fundamental information, the Federal Reserve's interest rate cut process, and the expectation of consolidation during the day.
ETH followed BTC in continuing to adjust and consolidate. The 4-hour trend has changed somewhat, with an initial low divergence pattern observed. The daily chart remains healthy, and the expectation of consolidation during the day.
Intraday market analysis
BTC is below the healthy range on the 1-hour and 4-hour levels, and the daily level is also below the healthy range, with the expectation of consolidation during the day. Support is at 112000-113000, and resistance is at 114500-115500.
ETH is below the healthy range on the 1-hour and 4-hour levels, while the daily level has returned to the healthy range, with the expectation of consolidation during the day. Support is at 4000-4050, and resistance is at 4200-4300.
