Market Review
Yesterday, BTC slightly increased, with a healthy 4-hour trend, returning above 116,000, the downward momentum at the daily level weakened, maintaining a healthy trend, with a potential golden cross on the axis, a new round of increase is expected to begin, the weekly trend remains healthy, pay attention to fundamental information, the Federal Reserve's interest rate cut process, expected to maintain consolidation during the day, focus on the 118,000 resistance, with a new round of weekly upward cycle starting
The secondary market followed BTC's synchronous increase, with a 4-hour volume increase, breaking through resistance, showing a strong trend again, the daily level downward momentum weakened, a golden cross on the axis is expected to form, a new round of increase is expected to start, expected to continue rising during the day, aiming to break the 4,000 mark
Altcoins followed the mainstream synchronous increase, with the altcoin index slightly adjusting, but market sentiment remains low, pay attention to BTC market share, fiat currency buying signals, judging altcoin startup signals, ETH-related coins are heavily influenced by ETH, Pendle showed a high increase today with volume breakthrough, can be continued to hold, recent Binance activities are frequent, Alpha points activities continue, points can be accumulated, many opportunities are available recently
Today's Focus:
BTC 1-hour and 4-hour levels returned to healthy levels, daily level returned to normal, expected to maintain consolidation during the day, lower support 115,300-116,000, upper resistance 117,500-118,500
ETH 1-hour and 4-hour levels returned to healthy levels, daily level returned to healthy level, expected to continue rising during the day, lower support 3,800-3,900, upper resistance 4,000-4,100
