Yesterday, BTC consolidated with a slight recovery in the 4-hour trend, showing a weakening downward momentum and a preliminary low divergence pattern. The daily level trend remains healthy, and the downward momentum is beginning to weaken, while the weekly trend remains healthy.
The second currency followed the first currency in a synchronized consolidation with a slight increase. The 4-hour trend has shown some recovery, and a preliminary low divergence pattern has appeared. The daily level remains healthy, with expectations for continued consolidation. Altcoins are synchronizing with the mainstream, with the altcoin index showing a slight pullback, and market sentiment is still not high.
Intraday market analysis
BTC is below the healthy range on the 1-hour and 4-hour levels, and below the healthy range on the daily level. Expectations for the day remain in consolidation, with support at 112500-113500 and resistance at 115000-116000.
ETH is below the healthy range on the 1-hour and 4-hour levels, while the daily level has returned to the healthy range. Expectations for the day remain in consolidation, with support at 4150-4250 and resistance at 4400-4450.
