Yesterday, BTC remained in consolidation and fell again in the early morning. There were no obvious negative signals, and the volatility may be greater. The 4-hour chart broke the consolidation range, so pay attention to the rebound situation. The downward momentum at the daily level has intensified, waiting for correction. The weekly trend has somewhat recovered; pay more attention to fundamental information. There is an expectation of a slight rebound during the day.
The second coin has started an independent trend, with another pullback in the early morning. The 4-hour chart is healthy, and the downward momentum has increased. Pay attention to changes in volume and wait for correction. The daily level trend is somewhat extreme, but the correction is good, and the volume remains healthy. The trend is healthy; watch for volume increase on the 4-hour chart, with an expectation of a slight rebound during the day.
Altcoins are following the mainstream with a synchronous pullback. The altcoin index remains at a moderate level, and market sentiment has somewhat recovered. Pay attention to BTC's market share to determine the signal for altcoins to start.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels are below healthy levels, while the daily level has returned to normal. There is an expectation of a slight rebound during the day, with support at 114500-115000 and resistance at 117000-118000.
ETH's 1-hour and 4-hour levels have returned to normal, and the daily level is back to a healthy level. There is an expectation of a slight rebound during the day, with support at 3650-3700 and resistance at 3800-3900.
