Yesterday, BTC continued to consolidate, with a significant drop in the early morning due to fundamental factors, breaking through the 4-hour support zone. The daily level still needs recovery, and the short-term cycle requires adjustment. The weekly trend remains healthy. Pay close attention to fundamental information and the Federal Reserve's interest rate reduction process. The intraday expectation is a potential oversold rebound, waiting for market movement. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start
The secondary market followed BTC's synchronized decline, with the 4-hour trend falling to the lower edge of the oscillation zone. The daily line still needs adjustment, and the intraday focus is on breaking through the 2500 resistance level
Altcoins followed the mainstream market's synchronized decline, with market sentiment still low. The altcoin index has again pulled back to a lower level, waiting for the mainstream market to move. Focus on meme and ETH track coins. Binance has been hosting frequent activities, with continuous Alpha point events. You can accumulate points and wait for the next round of activities. SOL's on-chain activity continues to rise, and MEME coins are worth paying attention to
Today's highlights:
BTC's 1-hour and 4-hour levels are below the healthy zone, with the daily level returning to the healthy zone. The intraday expectation is an oversold rebound, with lower support at 101500-102000 and upper resistance at 103000-104000
ETH's 1-hour and 4-hour levels are below the healthy zone, with the daily level returning to the healthy zone. The intraday expectation is an oversold rebound, with lower support at 2350-2400 and upper resistance at 2500-2550
