Bitcoin and Ethereum Market Analysis on 4.21: BTC, ETH Highlights Today
Market Review
Yesterday, BTC maintained consolidation with a healthy trend. This morning, it suddenly surged with increased volume, which is in line with recent expectations. Currently, attention should be paid to tariff progress, Federal Reserve interest rate cuts, and intraday volume. It is expected to continue rising, and light follow-up can be considered. The larger cycle needs adjustment, and waiting for confidence to recover
The secondary market followed BTC's synchronous rise, returning to a healthy trend. Today, focus on BTC's upward movement, with potential to rise synchronously. Small positions can be gradually entered, while larger positions should patiently wait for stabilization
Altcoins followed mainstream cryptocurrencies with synchronized consolidation and limited fluctuations. Patiently wait for mainstream stabilization before taking action. Shift focus to the primary market. BSC is becoming more active, and direct MEME token purchases are recommended. BSC ecosystem is expected to recover, with CAKE worth considering and maintaining a healthy status. SOL chain activity is recovering, making MEME coins worth monitoring. For existing positions, patiently wait for market recovery
Today's Highlights:
BTC 1-hour and 4-hour levels return to healthy levels, while daily level remains below healthy levels. Intraday expectation is a mild increase, with support at 85,500-86,000 and resistance at 87,500-88,500
ETH 1-hour and 4-hour levels return to healthy levels, while daily level remains below healthy levels. Intraday expectation is a mild increase, with support at 1,550-1,600 and resistance at 1,670-1,720
