Bitcoin and Ethereum Market Analysis on October 6: BTC, ETH Highlights Today

Market Review

Yesterday, BTC continued to consolidate with slight pullbacks, maintaining a fluctuating upward trend on the 4-hour chart. The daily chart's top divergence correction has not yet fully played out, and short cycles still need adjustments. The weekly trend remains healthy, with a focus on fundamental information, especially the Federal Reserve's interest rate cut process. The intraday expectation is for continued fluctuations as we await market movements. In the larger cycle, a golden cross has formed on the weekly chart, signaling the possibility of a new round of market activity.

Altcoins are following BTC in a synchronized consolidation, with a healthy 4-hour trend. The daily downward momentum is also decreasing, with expectations for continued intraday increases. Once stabilized, further participation may be considered.

Altcoins are synchronizing with mainstream coins in their consolidation, with market sentiment still low. The altcoin index has once again retracted to a low level, and attention can be given to mainstream stability for potential follow-ups, particularly in meme and ETH-related tokens. Binance has been active recently, and the Alpha point accumulation activity continues, so points can be accumulated in anticipation of the next round of activities. The activity on the SOL chain is continuously rising, making it worthwhile to pay attention to MEME tokens.

Today's Highlights:

BTC's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. The intraday expectation continues to consolidate, with support at 104,000-104,500 and resistance at 105,500-106,500.

ETH's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. The intraday expectation is for potential increases, with support at 2,520-2,570 and resistance at 2,700-2,750.