Market Review
Yesterday, BTC remained consolidated, with a healthy 4-hour trend. Attention is on volume changes, with potential for continued growth if volume increases. The downward momentum at the daily level is weakening, maintaining a healthy trend. A golden cross on the axis is expected to form again, potentially starting a new round of growth. The weekly trend remains healthy. Focus on fundamental information, the Federal Reserve's interest rate cuts, with a mild upward expectation for the day. Observe the 118,000 resistance level, with the possibility of a new weekly growth cycle starting
Two Pieces started an independent market trend, with a 4-hour volume increase, breaking through the 4,000 mark. The upward momentum broke through the resistance zone. The daily downward momentum is weakening, with a golden cross forming on the axis, potentially opening a new round of growth, with an expected continued rise during the day
Altcoins followed the mainstream and rose synchronously. The altcoin index slightly pulled back, but market sentiment remains low. Observe BTC's market dominance, look for fiat currency buying signals, and judge altcoin startup signals. ETH-related coins are heavily influenced by ETH. Pendle showed a good increase with volume breakthrough and can be continued to hold. Binance has been hosting frequent activities, with ongoing Alpha point events. Points can be accumulated, and there are many opportunities for rewards recently
Today's Focus:
BTC's 1-hour and 4-hour levels returned to healthy levels, with the daily level returning to normal. Mild upward expectation for the day, with support at 115,500-116,000 and resistance at 117,500-118,500
ETH's 1-hour and 4-hour levels entered the overbought zone, with the daily level also in the overbought zone. Expected to continue rising during the day, with support at 3,950-4,000 and resistance at 4,300-4,400
