Market Review
Yesterday, BTC continued to rise. The non-farm data release caused short-term volatility, with no significant volume increase on the 4-hour chart. After breaking through the previous high, it pulled back and maintained oscillation. The downward momentum on the daily chart has weakened, showing a divergence pattern. The golden cross has formed, potentially continuing to rise. The weekly trend has somewhat recovered. Pay attention to fundamental information and the Federal Reserve's interest rate cut process. Expect a mild oscillation intraday. On the larger cycle, the weekly chart has not broken through, and a new round of market movement is expected to start.
The secondary market followed BTC's synchronous rise, breaking through resistance on the 4-hour chart. Observe if it stabilizes at 2500. The downward momentum on the daily chart has weakened, with an expected intraday consolidation. Altcoins are rising in sync with the mainstream market.
The altcoin index remains low, waiting for the mainstream market to stabilize before considering following. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering entry. Binance has been hosting frequent activities, with ongoing Alpha point events. You can accumulate points and wait for the next activity. SOL's on-chain activity continues to rise, and it's worth paying attention to meme coins.
Today's Focus:
BTC is above the healthy range on 1-hour and 4-hour levels, returning to the healthy range on the daily chart. Expect intraday consolidation. Intraday support is 108000-108500, with resistance at 110000-110500.
ETH is above the healthy range on 1-hour and 4-hour levels, returning to the healthy range on the daily chart. Expect intraday consolidation. Intraday support is 2500-2530, with resistance at 2650-2700.
