Market Review from Yesterday
Yesterday, BTC continued its adjustment trend, maintaining a range-bound oscillation in the 4-hour cycle, and the daily level adjustment is nearing its end. It is expected to still maintain an oscillating pattern during the day, and close attention should be paid to the changes in volume, waiting for a directional breakout. Despite short-term fluctuations, the expectation for a long-term upward trend still exists, and investors can remain confident.
ETH closely followed BTC's pace in a synchronized adjustment, also in an oscillating state. The 4-hour level has successfully broken through the downward trend, and the downward momentum at the daily level is gradually narrowing. If the price retraces to the support level during the day, investors may consider appropriately following up.
Altcoins are generally adjusting in line with mainstream coins, but BSC series coins are showing active performance. Early in the morning, CZ announced information related to his pets and launched the "Shitcoin Battle," with many projects on the chain sharing the same name as Shitcoin. New developments on the BSC chain are expected soon, and a new round of MEME frenzy may rise on this chain. Investors should pay attention to the primary market situation, and in the secondary market for BSC series coins, it may be worth considering following up during pullbacks. For investors who have already built positions and are currently in a losing state, patience is advised while waiting for the market to warm up.
Intraday Market Analysis
BTC has returned to a healthy level on the 1-hour and 4-hour levels, but remains below a healthy level on the daily level. If it can stabilize above the support level during the day, it may be worth considering a follow-up. The support level during the day is at 95,500 - 96,000, with resistance levels at 97,500 - 98,000.
ETH's 1-hour and 4-hour levels have also returned to a healthy level, while the daily level is below a healthy level. Follow-up operations can be considered when the support level stabilizes during the day, with support levels at 2,600 - 2,650 and resistance levels at 2,750 - 2,800.
This article is for reference only and does not represent investment advice.
