Bitcoin and Ethereum Market Analysis on April 28: BTC, ETH Highlights for Today

Market Review

Yesterday, BTC continued to consolidate, maintaining a healthy trend. Recent focus should be on fundamental information, the Federal Reserve's interest rate cuts, with significant resistance above. The expectation is continued consolidation during the day. Previously accumulated holdings can be appropriately reduced, as the long-term market is recovering, so patience is key.

ETH followed BTC in consolidation; those who entered previously can consider reducing holdings. Long-term holders should patiently wait for stabilization, with the expectation of continued consolidation during the day, indicating a corrective market.

Altcoins are consolidating in sync with mainstream cryptocurrencies, with limited fluctuations. If the mainstream stabilizes, mild follow-ups can be considered. Binance has been active recently, and the BSC ecosystem is expected to warm up; CAKE could be a focus, as it is currently maintaining a healthy status and could be worth following. The activity on the SOL chain is steadily increasing, so more attention could be given to MEME tokens. For accumulated tokens, patience is required while waiting for the market to warm up.

Highlights for Today:

BTC 1-hour and 4-hour levels have returned to healthy levels, and the daily level has also returned to healthy levels. The expectation is continued consolidation during the day, with support at 92,500-93,000 and resistance at 94,500-95,000.

ETH 1-hour and 4-hour levels have returned to healthy levels, and the daily level has also returned to healthy levels. The expectation is continued consolidation during the day, with support at 1,700-1,750 and resistance at 1,830-1,880.