Bitcoin and Ethereum Market Analysis on 8.7: BTC, ETH Highlights Today
Market Review
Yesterday, BTC maintained a consolidation, continuing to repair on the 4-hour chart without signs of breakthrough, patiently waiting. The downward momentum on the daily level weakens, continuing to wait for repair. The weekly trend has somewhat recovered. Focus more on fundamental information, the Federal Reserve's interest rate cut process. Intraday expectation is to continue consolidation, with the larger cycle's weekly new upward cycle starting
The secondary pie followed BTC's synchronous consolidation. The 4-hour upward momentum weakens and still needs consolidation. The daily level's downward momentum weakens. Pay attention to 4-hour trend changes, with intraday expectation to continue consolidation
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 has pulled back significantly and can be considered for hidden buying, waiting for a rebound. Recently, Binance activities have been frequent, with continuous Alpha points activities. You can brush up on points, and there have been many big opportunities for wool-pulling
Today's Highlights:
BTC's 1-hour and 4-hour levels return to healthy levels, with daily levels returning to normal. Intraday expectation is to maintain consolidation, with lower support at 113300-114000 and upper resistance at 115000-116000
ETH's 1-hour and 4-hour levels return to healthy levels, with daily levels returning to healthy levels. Intraday expectation is to maintain consolidation, with lower support at 3500-3550 and upper resistance at 3700-3750
