Bitcoin and Ethereum Market Analysis on 8.12: BTC, ETH Highlights Today
Market Review
Yesterday, BTC retraced and consolidated, with no negative fundamentals, maintaining a healthy 4-hour trend, preparing for subsequent growth, with a healthy daily trend, a golden cross formed on the axis, potentially starting a new round of growth, maintaining a healthy weekly trend, focusing on fundamental information, Federal Reserve interest rate cuts, expecting a mild increase during the day, with a new weekly growth cycle starting in the larger cycle
The second pie started an independent market trend, maintaining a healthy 4-hour trend, focusing on volume, potentially continuing to rise if volume is maintained, maintaining a healthy daily trend, a golden cross formed on the axis, potentially starting a new round of growth, expecting continued growth during the day
Altcoins followed the mainstream synchronously, with the altcoin index slightly retracing, market sentiment mildly recovering, focusing on BTC market dominance, fiat buy signals, judging altcoin startup signals, ETH-related coins heavily influenced by ETH, PENDLE performed well with volume breakthrough, can be continued to hold, recent Binance activities frequent, Alpha points activities ongoing, points can be accumulated, many opportunities for rewards recently
Today's Highlights:
BTC 1-hour and 4-hour levels returned to healthy levels, daily level maintaining normal levels, expecting a mild increase during the day, lower support 118000-118500, upper resistance 120000-121000
ETH 1-hour and 4-hour levels returned to healthy levels, daily level entering overbought zone, expecting a mild increase during the day, lower support 4150-4200, upper resistance 4400-4500
