Yesterday, $BTC experienced a significant increase due to dovish remarks from Powell. The 4-hour trend has returned to a healthy state, and expectations for a rate cut in September have risen sharply, greatly boosting market confidence. The outlook remains bullish, with the daily trend staying healthy and downward momentum beginning to weaken. The weekly trend remains healthy, focusing on the Fed's rate cut process, and expectations for continued upward movement throughout the day.
The second coin followed the first coin's upward trend, briefly breaking historical highs. The 4-hour increase has been substantial, but the fundamentals are quite strong, suggesting a continued rise. The daily trend remains healthy but shows slight divergence, which currently has little impact. Expectations for continued upward movement throughout the day.
Intraday market analysis
BTC's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range, with expectations for continued upward movement throughout the day. Support is at 115000-115500, and resistance is at 118000-119000.
$ETH's 1-hour and 4-hour levels are above the healthy range, and the daily level is also above the healthy range, with expectations for continued upward movement throughout the day. Support is at 4600-4700, and resistance is at 4900-5000.
