Yesterday BTC experienced a mild correction and consolidation. The 4-hour trend has repaired itself, with support at 118,000 remaining effective. If it holds, it is expected to continue rising. The daily level has repaired well, and the trend has returned to a healthy state. Pay attention to changes in trading volume. The weekly trend has shown some recovery, so focus more on fundamental information. The intraday expectation remains stable.
Altcoins have started independent trends, with a good 4-hour performance. There is a mild pullback, building momentum for a potential surge. The daily level trend is somewhat aggressive but currently has repaired well. Trading volume remains healthy, but the short-term increase has been rapid, so watch for volume expansion in the 4-hour chart. The intraday expectation remains in consolidation. Altcoins are following the mainstream upward trend, and the altcoin index remains at a moderate level. Market sentiment has improved, so pay attention to BTC's market share and fiat buying signals to determine altcoin launching signals.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels have returned to normal, and the daily level has also returned to normal. The intraday expectation remains in consolidation. The intraday support is at 117,500-118,000, and the resistance is at 120,000-121,000.
ETH's 1-hour and 4-hour levels have returned to normal, while the daily level has entered the overbought zone. The intraday expectation remains in consolidation. The intraday support is at 3,700-3,750, and the resistance is at 3,850-3,950.
