Market Review
Yesterday, BTC remained stable with a healthy trend. Recently, focus has been on fundamental information and the Federal Reserve's interest rate reduction process. The upper resistance is significant, and the intraday expectation is to continue consolidation. Previously accumulated positions can be appropriately reduced, as the larger market cycle is recovering, requiring patience to wait.
The secondary market followed BTC's synchronous consolidation. Those who entered earlier can appropriately reduce positions, with patience to wait for stabilization. The intraday expectation is to maintain consolidation, with a recovery-oriented market.
Altcoins followed the mainstream synchronous adjustment with limited fluctuations. As mainstream stabilizes, light follow-up can be considered. Recently, Binance has been active, and the BSC ecosystem is expected to recover. CAKE can be observed, currently maintaining health and worth considering. SOL's on-chain activity continues to rise, and MEME coins can be closely watched. For existing positions, patience is needed while waiting for market recovery.
Today's Focus:
BTC's 1-hour and 4-hour levels return to healthy levels, with daily levels also returning to health. Intraday expectation is to maintain consolidation, with lower support at 93000-93500 and upper resistance at 95000-95500.
ETH's 1-hour and 4-hour levels return to healthy levels, with daily levels also returning to health. Intraday expectation is to maintain consolidation, with lower support at 1700-1750 and upper resistance at 1830-1880.
