Yesterday, BTC remained in consolidation, the 4-hour timeframe showed some recovery, downward momentum has weakened, and a low divergence pattern has taken shape, which is expected to begin rebounding. The daily level remains healthy, with downward momentum diminishing, and initial low divergence patterns observed. The weekly level shows good performance, paying attention to fundamental conditions, focusing on changes in trading volume intra-day, and expecting a price increase rebound.
ETH followed BTC in synchronized consolidation, the 4-hour performance showed some recovery, downward momentum weakened, and initial low divergence has taken shape. The daily level remains healthy, with expectations of a price increase within the day, marking the end of the consolidation. However, attention should be paid to Powell's speech at 10 PM, which may lead to significant short-term volatility.
Fundamental news: Powell's speech at 10 PM, which may cause significant short-term volatility.
Intra-day market analysis
BTC's 1-hour and 4-hour levels have returned to a healthy range, while the daily level is below the healthy range, with expectations of a slight price increase within the day. Support is at 112000-113000, and resistance is at 115000-116000.
ETH's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to a healthy range, with expectations of a slight price increase within the day. Support is at 4150-4250, and resistance is at 4400-4450.
