Bitcoin and Ethereum Market Analysis on 8.11: BTC, ETH Highlights Today
Market Review
Yesterday, BTC slightly increased as expected, with a healthy 4-hour trend. Today began with volume-driven growth, maintaining upward momentum. Focus on volume changes, daily trend remains healthy, with a golden cross forming on the axis, potentially starting a new round of growth. Weekly trend remains healthy, pay attention to fundamental information, Federal Reserve interest rate cuts. Intraday expectation is continued growth, monitoring resistance at 123,000, with a new weekly growth cycle launching
Two Pie launched an independent market trend, 4-hour chart remains healthy, but shows slight top divergence. Focus on volume, potential continued growth if volume is maintained. Daily level remains healthy, golden cross formed on the axis, potentially starting a new round of growth, with intraday expectation of continued increase
Altcoins rising in sync with mainstream trends, altcoin index slightly adjusting. Market sentiment moderately recovering. Monitor BTC market share, fiat buying signals, and altcoin launch indicators. ETH-related coins heavily influenced by ETH. Pendle shows good growth with volume breakthrough, can be held. Recent Binance activities frequent, Alpha points event ongoing, points can be accumulated. Many opportunities for rewards recently
Today's Highlights:
BTC 1-hour and 4-hour levels entering overbought zone, daily level remains normal. Intraday expectation of continued growth, lower support 119,500-120,000, upper resistance 123,000-125,000
ETH 1-hour and 4-hour levels entering overbought zone, daily level also in overbought zone. Intraday expectation of continued growth, lower support 4,150-4,200, upper resistance 4,400-4,500
