Bitcoin and Ethereum Market Analysis on July 3rd: BTC, ETH Highlights Today
Market Review
Yesterday, BTC rebounded and rose, with a volume V-reversal at the 4-hour level, breaking through the resistance zone, and returning to a healthy trend. Yesterday's minor non-farm data was not ideal. Focus on the day's major non-farm data. 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 cut process. Expect a mild correction during the day, waiting for non-farm data release, and be aware of short-term fluctuations. On the larger cycle, the weekly trend has not broken, and a new round of market movement is expected to start
Ethereum followed BTC's synchronous rise, breaking through resistance at the 4-hour level. Observe its stability. The downward momentum at the daily level has weakened, with an expected mild correction during the day. Also focus on the major non-farm data
Altcoins rose 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. You can accumulate points and wait for the next event. SOL's on-chain activity continues to rise, with potential to pay attention to meme coins
Today's Highlights:
BTC is above the healthy range at 1-hour and 4-hour levels, returning to the healthy range at the daily level. Expect a mild correction during the day, focus on non-farm data. Intraday support is 107,500-108,000, with resistance at 109,500-110,000
ETH is above the healthy range at 1-hour and 4-hour levels, returning to the healthy range at the daily level. Expect a mild correction during the day, focus on non-farm data. Intraday support is 2,500-2,530, with resistance at 2,650-2,700
