Bitcoin and Ethereum Market Analysis on April 29: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC maintained a sideways trend, and the movement remained healthy. Recently, pay more attention to fundamental information, the Federal Reserve's interest rate cut process, and there is significant resistance above. The expectation is to continue consolidating during the day. Previous positions can be appropriately reduced, and the long-term market is recovering, so be patient and wait.

Ethereum follows BTC for a synchronous consolidation. Those who entered earlier can appropriately reduce their positions. Long-term holders should patiently wait for stabilization. The expectation is to maintain consolidation during the day, with a corrective market.

Altcoins follow mainstream coins for synchronous consolidation, with little fluctuation. If mainstream coins stabilize, consider slight follow-ups. Binance has been quite active recently, and the BSC ecosystem is expected to recover, so pay attention to CAKE, which currently remains healthy and could be followed. The activity on the SOL chain continues to rise, so pay more attention to MEME coins. For coins already held, be patient and wait for the market to warm up.

Today's Highlights:

BTC's 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to a healthy level. The expectation is to maintain consolidation during the day, with support at 93,000-93,500 and resistance at 95,000-95,500.

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