Bitcoin and Ethereum Market Analysis on October 20: What to Watch for BTC and ETH Today
Market Review
BTC started to rebound yesterday. The 4-hour trend has bottomed out and diverged. It still needs to be repaired. The daily level is recovering, and the downward momentum is weakening. Pay attention to the stabilization. The expectation of interest rate cuts has not changed. The subsequent positive factors are still there. The weekly trend is still healthy.
The two cakes rebounded synchronously with the BTC, and the 4-hour trend is recovering. It still needs to be sorted out and repaired. The daily level is also repairing.
The altcoin rebounded synchronously with the mainstream, and the altcoin index recovered slightly. We will wait for the altcoin to stabilize before considering it. Recently, Binance has been active frequently, and Alpha points activities are constantly going on. You can brush up your points and get some free stuff.
Today's highlights:
BTC 1-hour and 4-hour levels have returned to the healthy range, while the daily level is below the healthy range. It is expected to repair and consolidate during the day. The lower support is 107500-108000 and the upper resistance is 109500-110500.
ETH 1 hour and 4 hour levels returned to the healthy range, and the daily level was below the healthy range. It is expected to repair and consolidate during the day. The lower support is 3850-3900 and the upper resistance is 4000-4100.
