Market Review
Yesterday, BTC consolidated sideways, maintaining a healthy trend. Recently, focus on fundamental information and the Federal Reserve's interest rate reduction process. Upside resistance is significant, with an expected intraday consolidation. Previously accumulated positions can be appropriately reduced. The larger market cycle is recovering, requiring patience.
The secondary market followed BTC's synchronous consolidation. Those who entered earlier can appropriately reduce positions. Patiently wait for stabilization, with an expected intraday consolidation and a recovery-oriented market.
Altcoins synchronized with mainstream cryptocurrencies, with limited fluctuations. Consider light follow-up once mainstream markets stabilize. Binance has been active recently, and the BSC ecosystem is expected to recover. CAKE can be considered, currently maintaining health and worth following. SOL's on-chain activity continues to rise. Pay attention to MEME coins. For existing positions, patiently wait for market recovery.
Today's Focus:
BTC's 1-hour and 4-hour levels return to healthy levels, with daily levels also recovering. Expected intraday consolidation. Intraday support at 93000-93500, resistance at 95000-96000.
ETH's 1-hour and 4-hour levels return to healthy levels, with daily levels also recovering. Expected intraday consolidation. Intraday support at 1700-1750, resistance at 1830-1880.
