Fundamentals:
1. LIDO has released a framework for Ethereum auxiliary proposer mechanisms, which is beneficial for adapting to the evolving Ethereum framework and strengthening investor confidence in the tokens.
2. The U.S. SEC has postponed its decision on the Solana ETF application.
3. New York Fed President Williams: Inflation has been slowly and gradually declining.
Technical Analysis:
BTC: Yesterday on the daily chart, it dipped to the 102 position, and on the smaller time frames, multiple touches were seen without breaking. In the evening during U.S. trading hours, it began to rise again, touching near the previous day's high. The daily line closed with a long lower shadow small bearish candle, overall maintaining a trend of upward volatility, and the candlestick is still within an upward channel, having adjusted to fill the gap from the rapid rise earlier in the month. On the 4-hour chart, yesterday there was a double bottom touch at the 102 position, followed by a rapid and significant rise, with the price approaching the previous day's high again. The 4-hour line has seen some pullback after touching, with significant resistance above. For intraday operations, focus on the support at 105-104 below, and the resistance at 1065-1075 above. Recently, Bitcoin has been in a high-level consolidation, so operate cautiously and be strict with point requirements!
ETH: On the daily chart, there have been two consecutive days of significant downward spikes, forming a typical 'hammer line' bullish candle, indicating a strong washout. Last week it was mentioned that the bottom position for Ethereum's phase adjustment is at 2350 and 2280, which needs to be confirmed by future market testing. The bottom line in the last two days is concentrated at the 2350 position, aligning with the recently mentioned bottom for Ethereum's phase adjustment. The daily line shows a double bottom with a bullish close, and the technical analysis has filled the gap caused by the significant rise earlier in the month between the candlestick and the 14-day moving average. There have been three consecutive bullish days on the daily line, with the candlestick center moving upward, and the daily trend is starting to turn. On the 4-hour line, there was a quick rebound after the first dip to 2350 yesterday morning, and there was a second test during the Asian session, which initiated a healthy slow upward trend. For intraday operations, focus on the support at 2510-2480 below, with the initial target at 2600 and then at 2650.
Altcoins: Yesterday the overall decline of altcoins was significant, with most altcoins dropping around 10%. It was clearly stated yesterday that some positions were starting to enter, and most altcoins have now recovered yesterday's losses, with the overall market performance completely in line with expectations. Also mentioned were the L2 expansion plans and modular sectors such as OP, ARB, and zk, which have seen an increase of nearly 10% from the prolonged low point yesterday. The staking sector performed relatively strong, with ETHFI and JTO leading the way, while LDO has yet to start its market, which can be a focal point!
He Yue: Yesterday it was clearly stated to pay attention to the 102-103 position below Bitcoin, and the lowest point yesterday exactly touched the 102 position. For Ethereum, focus on the 2350-2320 area below, the lowest touch was 2349 yesterday, and the points provided for entry are very accurate. For intraday operations, pay close attention to the points mentioned in the report above. Currently, He Yue has already positioned and held two altcoins, continuing to hold coins for a price increase!
The cryptocurrency market is highly volatile, proceed with caution, personal opinion, not advice, for sharing only.
