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Bitcoin and Ethereum market analysis on July 2: BTC and ETH highlights today

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Bitcoin and Ethereum Market Analysis on July 2nd: BTC, ETH Highlights Today

Market Review

Yesterday, BTC continued to adjust, with 4-hour volume increasing, breaking the 4-hour trend and still needing adjustment. The downward momentum at the daily level has decreased, with a divergence pattern observed. The golden cross has formed, potentially continuing to rise. The weekly trend has somewhat recovered. Pay attention to fundamental information, the Federal Reserve's interest rate cuts, and intraday 4-hour trend changes. Continue to maintain consolidation. The weekly level has not broken, and a new round of market movement is expected to start

Ethereum followed BTC in synchronous adjustment, with 4-hour trend changes, failing to break resistance levels and still needing consolidation. The downward momentum at the daily level has weakened, with an intraday expectation of continued consolidation

Altcoins synchronized with mainstream cryptocurrencies in adjustment. 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 activity. SOL's on-chain activity continues to rise, with MEME coins worth paying attention to

Today's Highlights:

BTC's 1-hour and 4-hour levels are below the healthy range, with daily levels returning to the healthy range. Intraday expectation is consolidation, with lower support at 105,500-106,000 and upper resistance at 107,000-108,000

ETH's 1-hour and 4-hour levels are below the healthy range, with daily levels returning to the healthy range. Intraday expectation is a mild increase, with lower support at 2,350-2,400 and upper resistance at 2,480-2,530

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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