Good afternoon! Today's market update 🚀
$BTC continued to rise yesterday, with a particularly significant increase in the early hours. Overbought on 1-hour and 4-hour levels, a brief adjustment is needed for repair, and the daily level is about to complete its adjustment, with a golden cross on the axis imminent; the weekly trend is stable, and as the Federal Reserve progresses with interest rate cuts, a major upward trend is about to unfold.
It is expected to see a slight pullback today before regaining upward momentum, with 108500 - 109000 being key support below, and 110000 - 111000 as resistance above.
$ETH is moving in sync with BTC, also entering overbought on the 1-hour and 4-hour levels, while the daily level returns to health. The current price is approaching the 2700 resistance level, and once it breaks through, the upward space will further open up, with support levels at 2600 - 2650 and resistance levels at 2720 - 2770.
Altcoins are gently rising alongside mainstream coins. It is recommended to pay close attention to meme and ETH-related coins, with SOL chain MEME coins recently seeing a surge in activity, which is worth monitoring closely. Meanwhile, market activity is frequent, and participants can engage in Alpha point activities to gain advantages, waiting for a new round of market explosion.
