Market Review
Yesterday, BTC had a mild callback and consolidation, maintaining a healthy trend. Pay attention to the head and shoulders pattern on the daily chart. Recently, focus on fundamental information and the Federal Reserve's interest rate cut process. There is significant resistance above, and the intraday expectation is continued consolidation. The larger cycle market is recovering, so patience is needed.
The secondary market followed BTC's synchronous consolidation, patiently waiting for stabilization, with an intraday expectation of maintaining consolidation.
Altcoins followed the mainstream synchronous adjustment with limited fluctuations. Once the mainstream stabilizes, light follow-up can be considered. Recently, Binance has frequent activities, with continuous Alpha points activities. You can accumulate points and wait for the next round of activities. SOL's on-chain activity continues to rise, so pay more attention to MEME coins. For existing coins, be patient while waiting for market recovery.
Today's Focus:
BTC's 1-hour and 4-hour levels are below the healthy level, while the daily level remains healthy. The intraday expectation is to maintain consolidation, with support at 93,500-94,000 and resistance at 95,000-95,500.
ETH's 1-hour and 4-hour levels are below the healthy level, while the daily level remains healthy. The intraday expectation is to maintain consolidation, with support at 1,730-1,780 and resistance at 1,830-1,880.
