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