1. Market Review
Yesterday, the BTC price showed a moderate upward trend. From a technical perspective, the 4-hour candlestick trend has recovered well, and the moving average system has formed a golden cross above the zero line, indicating that upward momentum is initially building, with further attack potential. However, the volume release at the daily level is relatively limited, and to achieve further breakthroughs, significant volume cooperation is needed, focusing on changes in trading volume over the 4-hour cycle. The weekly trend is gradually warming up, but the market development is still influenced by fundamental factors, so it is advisable to closely monitor key information such as the Federal Reserve's interest rate cut process. Overall, BTC is likely to continue its upward trend during the day; from the perspective of the larger cycle, the weekly level has not broken below key support levels, increasing the possibility of a new market cycle starting.
The trend of Ethereum (ETH) is largely in sync with BTC, with overall volatility relatively small. Similarly, on the 4-hour level, a golden cross pattern appears above the zero line, suggesting that the upward trend is likely to continue. In the short term, attention should be paid to the support strength at the $2500 threshold. Although the overall trend at the daily level remains stable, insufficient volume is still a limiting factor. It is expected that ETH will continue to rise following BTC during the day.
In the altcoin market, the rise of mainstream coins has led to a general increase in altcoins, but the current altcoin index is still at a relatively low level. Investors are advised to remain cautious and wait for the stabilization of mainstream coin prices before considering entry. In particular, the coins within the Ethereum ecosystem are significantly influenced by the price of Ethereum, and patience is needed to wait for stabilization signals. In addition, the Binance platform has been active recently, with a series of activities related to Alpha points being launched, and investors can seize opportunities to participate in activities and accumulate points in preparation for future market conditions. Notably, the activity level of the SOL chain has been continuously rising, and on-chain MEME coins are performing actively, so it is advisable to maintain appropriate attention.
2. Today's Highlights
1. BTC Market Analysis
BTC has returned to a healthy range on the 1-hour and 4-hour levels, and the daily level trend is also stabilizing positively. It is expected that BTC will continue its upward trend during the day, with key support levels at $108500 - $109000; if the price pulls back to this level, effective support is likely to be obtained; the resistance level is in the $110000 - $110500 area, and breaking through this range will further open up upward space.
2. ETH Market Analysis
ETH shows a healthy technical formation at the 1-hour, 4-hour, and daily levels, with a strong continuation of the upward expectation. The support level during the day is at $2480 - $2530, which provides significant support for the price; the resistance level is at $2600 - $2650, and if it can break through effectively, the ETH price is expected to welcome a new round of upward momentum.
