Bitcoin and Ethereum Market Analysis on 8.6: BTC, ETH Highlights Today
Market Review
Yesterday, BTC had a mild callback and consolidation, with light volume, a 4-hour recovery trend, continuing to maintain sideways movement. The downward momentum at the daily level weakened, continuing to await recovery. The weekly trend has somewhat recovered. Pay more attention to fundamental information, the Federal Reserve's interest rate cuts. Intraday expectation is to continue sideways movement, with the larger cycle indicating the start of a new weekly upward cycle
The secondary market followed BTC's synchronous consolidation. The 4-hour upward momentum weakened, still needing consolidation. The daily level's downward momentum reduced, focusing on 4-hour trend changes. Intraday expectation is to continue sideways movement
Altcoins followed mainstream synchronous consolidation. The altcoin index returned to a lower level, with market sentiment again depressed. Focus on BTC market share, fiat currency buying signals, and judging altcoin startup signals. ETH-related coins are heavily influenced by ETH. PENDLE experienced significant pullback, consider adding positions and waiting for a rebound. Recent Binance activities are frequent, with ongoing Alpha point activities. Points can be accumulated, and there are many opportunities. Tomorrow at 1 AM, RGB new token launch is a key focus, prepare for a late-night launch
Today's Highlights:
BTC 1-hour and 4-hour levels returned to healthy levels, daily level returned to normal. Intraday expectation is to maintain sideways movement. Intraday support is 112000-112500, resistance is 114500-115000
ETH 1-hour and 4-hour levels returned to healthy levels, daily level returned to healthy level. Intraday expectation is to maintain sideways movement. Intraday support is 3450-3500, resistance is 3650-3700
