Bitcoin and Ethereum Market Analysis on April 30th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to maintain a sideways trend, with a healthy movement, but volume began to weaken. Recently, focus on fundamental information and the Federal Reserve's interest rate reduction process. Upside resistance is significant, with an intraday expectation of continued consolidation. Previously accumulated positions can be appropriately reduced, as the larger cycle market is recovering, requiring patience
The secondary market followed BTC's synchronous consolidation. Those who entered earlier can appropriately reduce positions, with patience for the larger market to stabilize. Intraday expectation is to maintain consolidation, with a recovery-oriented market
Altcoins followed 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 Highlights:
BTC 1-hour and 4-hour levels return to healthy levels, daily level returns to healthy levels. Intraday expectation is to maintain consolidation, with lower support at 93000-93500 and upper resistance at 95000-95500
ETH 1-hour and 4-hour levels return to healthy levels, daily level returns to healthy levels. Intraday expectation is to maintain consolidation, with lower support at 1730-1780 and upper resistance at 1830-1880
