Bitcoin and Ethereum Market Analysis on 6.20: BTC, ETH Highlights Today
Market Review: Yesterday, BTC maintained consolidation and continued to repair. The impact of geopolitical conflicts weakened, and the 4-hour downward momentum began to diminish. Divergence has been observed, but further adjustment is still needed. Patiently waiting for a breakout, the daily level still requires consolidation, waiting for a 4-hour level breakthrough. The weekly trend remains healthy. Focus on fundamental information, Federal Reserve interest rate cuts, and expect consolidation during the day. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to launch
The secondary market followed BTC in synchronous consolidation. The 4-hour level still needs adjustment, and the downward momentum is not strong. It is expected to break out in the next two days. The daily level remains positive, maintaining range-bound oscillation, and focusing on stability during the day
Altcoins are consolidating in sync with mainstream cryptocurrencies. The altcoin index remains low, waiting for mainstream coins to stabilize before considering following. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering entry. Binance has been frequently hosting activities, with ongoing Alpha point events where points can be accumulated while waiting for the next round of activities. SOL's on-chain activity continues to rise, and meme coins are worth paying attention to
Today's Highlights:
BTC's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expect consolidation during the day and focus on support level stability. The lower support is 104,000-104,500, and the upper resistance is 105,500-106,000
ETH's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expect consolidation during the day. The lower support is 2,450-2,500, and the upper resistance is 2,550-2,600
