July 1st Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today
Market Review
Yesterday, BTC experienced a mild pullback, with 4-hour volume not being strong, requiring attention to volume changes. The daily downward momentum has decreased, with a divergence pattern observed, and a golden cross has formed, potentially continuing to rise. The weekly trend has somewhat recovered, focusing on fundamental information, the Federal Reserve's interest rate cuts, and intraday 4-hour trend changes, maintaining consolidation. The weekly level has not broken through, with a new round of market movement expected to start
Ethereum followed BTC's synchronous adjustment, with a good 4-hour level repair, daily downward momentum weakening, potentially continuing to rise intraday, watching the 2500-2550 resistance, altcoins synchronously consolidating with the mainstream
Altcoin index remains low, waiting for mainstream stabilization before considering following. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering entry. Recently, Binance has been active with frequent Alpha point activities, which can be accumulated while waiting for the next event. SOL's on-chain activity continues to rise, with increased focus on MEME coins
Today's Highlights:
BTC returns to a healthy range at 1-hour and 4-hour levels, daily level returning to a healthy range, expected to consolidate intraday, with lower support at 106000-106500 and upper resistance at 108000-108500
ETH returns to a healthy range at 1-hour and 4-hour levels, daily level returning to a healthy range, expected to rise slightly intraday, with lower support at 2420-2450 and upper resistance at 2530-2600
