4.27 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC consolidated sideways, maintaining a healthy trend. Recently, pay more attention to fundamental information, the Federal Reserve's interest rate cut process, and significant resistance above. The expectation is to continue consolidating during the day. Previous positions can be appropriately reduced, as the long-term market is recovering; patience is required.

ETH followed BTC in a synchronized consolidation. Those who entered earlier can also reduce their positions appropriately. Long positions should patiently wait for stabilization, with the expectation of maintaining consolidation during the day, leading to a corrective market.

Altcoins are synchronously consolidating with mainstream coins, with minimal fluctuations. With the mainstream stabilizing, light participation may be considered. Recently, Binance has been active, and the BSC ecosystem is expected to recover. Attention can be given to CAKE, which is currently maintaining a healthy status and may be worth following. The activity on the SOL chain is continuously rising, and more attention can be given to MEME tokens. For those already holding coins, patience is needed while waiting for the market to recover.

Today's Highlights:

BTC 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. The expectation for the day is to maintain consolidation, with support at 93000-93500 and resistance at 95000-96000.

ETH 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. The expectation for the day is to maintain consolidation, with support at 1700-1750 and resistance at 1830-1880.