Market Review
Yesterday, BTC maintained a consolidation, with a healthy trend, waiting for market recovery and potentially continuing to rise. Recently, focus on fundamental information and the Federal Reserve's interest rate cut process. Intraday expectation is a sideways consolidation. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start
The second pie followed BTC's synchronous consolidation. With recent significant gains and a steep trend, the intraday expectation is a sideways consolidation, and it is hoped to continue rising after stabilization
Altcoins followed mainstream cryptocurrencies in synchronous consolidation. Some have seen significant gains, but the market situation remains low. Mainstream coins can be considered for follow-up after stabilization. Recently, Binance has frequent activities, with continuous Alpha points activities that can be accumulated while waiting for the next event. SOL's on-chain activity continues to rise, and MEME coins can be closely watched. For existing holdings, patience is needed while waiting for market recovery
Today's Focus:
BTC returns to healthy levels on 1-hour and 4-hour scales, entering an overbought zone on the daily scale. Intraday expectation is sideways consolidation, with lower support at 102,500-103,000 and upper resistance at 104,500-105,500
ETH returns to healthy levels on 1-hour and 4-hour scales, entering an overbought zone on the daily scale. Intraday expectation is sideways consolidation, with lower support at 2,400-2,450 and upper resistance at 2,600-2,670
