Today's Market Analysis and Yesterday's Review 🚀
BTC experienced a slight pullback yesterday, entering a consolidation phase on the 4-hour timeframe, with the trend becoming healthier. It is currently undergoing a positive correction on the daily level, with a focus on changes in trading volume.
Overall, the weekly structure has recovered an upward trend, and with macroeconomic factors, attention is on the Federal Reserve's interest rate cut progress, suggesting a new round of upward cycles may commence in the long term.
ETH has shown independent strength, with a clear rhythm on the 4-hour chart and limited pullback, currently in a buildup phase. Although the daily trend is somewhat volatile, the current repair situation is good, and trading volume has not shown signs of exhaustion. In the short term, we need to watch if the 4-hour chart breaks out with increased volume, with the expectation of a consolidation during the day.
Among them, ETH-related tokens have benefited significantly, such as $PENDLE, which is performing well and may be the first to explode.
Daily Market Analysis
$BTC Support Range: 117000 - 117500
Resistance Range: 119000 - 119500
Indicators across all timeframes have returned to neutral, expecting narrow-range consolidation throughout the day.
$ETH Support Range: 3700 - 3750
Resistance Range: 3850 - 3950
The daily chart has entered the overbought zone, and short-term attention should be paid to pullback risks, with expectations of a consolidation trend during the day.
📌 Operation Suggestion: Control positions, do not blindly chase highs, and wait for clearer volume signals. In the short term, look for consolidation, and in the medium term, focus on opportunities for low absorption during significant pullbacks.
