Bitcoin (BTC): Continuing the adjustment trend, the 4-hour K-line shows a range-bound fluctuation pattern, as if wandering in a narrow passage. However, from the daily level, the adjustment process is nearing its end. Overall, the intraday market is likely to continue a fluctuating trend, and investors should closely monitor changes in volume, which is like the market's pulse; the fluctuations in volume will guide the direction of price breakthroughs. Despite constant short-term volatility, from a long-term perspective, positive expectations still exist, and investors should maintain confidence.
Ethereum (ETH, commonly known as 'two cakes'): Keeping in sync with BTC, it is also in a phase of consolidation. Notably, the 4-hour K-line has successfully broken through the constraints of the downward trend line, akin to breaking free from downward shackles; on the daily level, the downward momentum is gradually narrowing, as if downward strength is dissipating. For investors, if the price pulls back to the support level during the day, it can be viewed as a potential follow-up opportunity.
Altcoins: The overall trend follows mainstream currencies, entering an adjustment period together. However, BSC series coins stand out, maintaining high activity levels. In the early hours, Binance founder CZ announced personal pet-related information and launched the 'Dog War', instantly igniting the enthusiasm of the BSC chain. However, there are many projects with the same name 'Dog' on the chain, making the market somewhat chaotic. Analysis predicts that a new round of MEME craze will emerge on the BSC chain, and investors should pay close attention to the dynamics of the primary market. For the secondary market, consider positioning BSC series coins and follow up timely during price corrections.
Investors who already hold related coins and are in a trapped state need not worry too much; patiently wait for the market to warm up, as the market often experiences a turnaround unexpectedly.
Intraday Market Insights
Bitcoin (BTC): From a technical indicator analysis, the 1-hour and 4-hour levels have returned to a healthy state, akin to a patient recovering from a serious illness, but the daily level is still below healthy standards. If the price can firmly stay above the support level today, investors may consider a moderate follow-up. Specifically, the intraday support range is between 95500 - 96000, while the resistance range is between 97500 - 98000. The positive expectations for the long cycle remain unchanged; investors should seize intraday opportunities while not forgetting long-term positioning.
Ethereum (ETH): Similar to BTC, the 1-hour and 4-hour levels have recovered to a healthy state, while the daily level has not yet fully reached a healthy level. If it can successfully stabilize above the support level today, it can serve as a reference signal for follow-up. The intraday support level is between 2600 - 2650, and the resistance is in the range of 2750 - 2800. Investors need to closely monitor price fluctuations within this range and make flexible decisions based on market conditions.