Market Review
Yesterday, BTC experienced a mild callback and consolidation, repairing the 4-hour level, with the upward momentum slightly weakened, which is not a major issue. The daily level adjustment is complete, with a golden cross formed on the axis, and a new round of rise is about to start. The weekly trend remains healthy. Pay more attention to fundamental information and the Federal Reserve's interest rate cut process. The intraday expectation is for consolidation and repair, and after completion, it is expected to break through the historical high. 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 synchronous repair, with a short-term volume surge to 2900 followed by a callback and consolidation. The 4-hour level needs 1-2 days of repair, and the daily level repair is complete, with a new round of rise about to start.
Altcoins are consolidating in sync with mainstream coins. Market sentiment is slightly recovering, and the altcoin index remains low. The mainstream market is expected to move, making it a good time to build positions. Focus on meme and ETH track coins. Pendle is a good choice, with its daily trend already established and worth considering for potential rise. Recently, Binance has frequent activities, with ongoing Alpha points events where you can accumulate points while waiting for the next event. SOL's on-chain activity continues to increase, so pay attention to MEME coins.
Today's Highlights:
BTC returns to a healthy range at 1-hour and 4-hour levels, with the daily level back to a healthy range. Intraday expectation is for consolidation and repair, with lower support at 107,500-108,000 and upper resistance at 109,500-110,000.
ETH returns to a healthy range at 1-hour and 4-hour levels, with the daily level back to a healthy range. Intraday expectation is for consolidation and repair, with lower support at 2,700-2,750 and upper resistance at 2,850-2,900.
