Market Review
Yesterday, BTC rose again, exceeding expectations. The impact of geopolitical conflicts weakened. The 4-hour upward momentum was not significantly enhanced and still needs adjustment. At the daily level, pay attention to volume changes. If the upward trend strengthens, a new upward cycle is expected. The weekly trend remains healthy. Focus on fundamental information and the Federal Reserve's interest rate cut process. The intraday expectation is to maintain consolidation, paying attention to the 165,000 support level. If it stands firm, consider following. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start.
The secondary market followed BTC's synchronous rise with significant volatility. The 4-hour upward momentum was blocked. Pay attention to breakthrough situations. The daily line is recovering well. Observe the breakthrough of the 2,650 resistance level. An effective breakthrough can be considered for follow-up.
Altcoins followed mainstream cryptocurrencies with a mild rise. The altcoin index remains low, waiting for mainstream currencies to stabilize before considering follow-up. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering follow-up. Recently, Binance has been frequently active with ongoing Alpha point activities that can be accumulated while waiting for the next event. SOL's on-chain activity continues to rise, and meme coins are worth paying attention to.
Today's Focus:
BTC returns to a healthy range at 1-hour and 4-hour levels, and daily levels return to a healthy range. The intraday expectation is to maintain consolidation, paying attention to support level stability. The lower support is 106,000-106,500, and the upper resistance is 108,500-109,000.
ETH returns to a healthy range at 1-hour and 4-hour levels, and daily levels return to a healthy range. The intraday expectation is to maintain consolidation, paying attention to resistance level breakthroughs. The lower support is 2,500-2,550, and the upper resistance is 2,650-2,700.
