Bitcoin and Ethereum Market Analysis on June 30th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to rise as expected, with a good 4-hour level recovery, though volume was not strong. Attention should be paid to volume changes to determine subsequent upward trends. The daily decline momentum has weakened, with a divergence pattern observed. The golden cross has formed, potentially continuing to rise. The weekly trend has somewhat recovered. Focus on fundamental information and the Federal Reserve's interest rate cut process. Intraday expectations are for continued growth, and the larger cycle weekly trend has not broken, suggesting a potential new market cycle may start
Secondary market followed BTC's synchronous rise, with a good 4-hour level recovery. The daily decline momentum has weakened, with potential for intraday growth. Observe resistance at 2500-2550. Altcoins are rising in sync with mainstream cryptocurrencies
Altcoin index remains low, waiting for mainstream markets to stabilize before considering entry. ETH-related coins are heavily influenced by ETH, waiting for stabilization. Binance activities have been frequent recently, with ongoing Alpha point activities that can be participated in while waiting for the next event. SOL's on-chain activity continues to rise, with potential to pay attention to meme coins
Today's Highlights:
BTC returns to a healthy range at 1-hour and 4-hour levels, with daily level returning to a healthy range. Intraday expectation is continued growth, with lower support at 107000-107500 and upper resistance at 109500-110000
ETH returns to a healthy range at 1-hour and 4-hour levels, with daily level returning to a healthy range. Intraday expectation is continued growth, with lower support at 2400-2450 and upper resistance at 2530-2600
