Bitcoin and Ethereum Market Analysis on 6.19: BTC, ETH Highlights Today
Market Review: Yesterday, BTC maintained consolidation and continued to repair. The impact of geopolitical conflicts weakened, and the 4-hour downward momentum began to diminish, but adjustment is still needed. Patiently waiting to break out, the daily level still requires consolidation, waiting for the 4-hour level to move out. The weekly trend remains healthy. Focus on fundamental information, the Federal Reserve's interest rate cut process. The intraday expectation is to maintain consolidation, paying attention to the 104,000 support level. In the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start
Ethereum followed BTC in synchronous adjustment. The 4-hour level still needs adjustment, and the downward momentum is not strong. It is expected to break out in the next two days. The daily level remains positive, maintaining range oscillation, and focusing on stability within the day
Altcoins are synchronously adjusting with mainstream cryptocurrencies. The altcoin index remains low, waiting for mainstream currencies to stabilize before considering following. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering following. Recently, Binance has been frequently hosting 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 it's worth paying attention to meme coins
Today's Highlights:
BTC is below the healthy range at 1-hour and 4-hour levels, but has returned to the healthy range at the daily level. The intraday expectation is to maintain consolidation, focusing on support level stability. The lower support is 104,000-104,500, and the upper resistance is 105,700-106,500
ETH is below the healthy range at 1-hour and 4-hour levels, but has returned to the healthy range at the daily level. The intraday expectation is to maintain consolidation. The lower support is 2,430-2,480, and the upper resistance is 2,550-2,600
