Market Review
Yesterday, BTC slightly increased, with a mild volume increase in the early morning. The overall market sentiment remains not very optimistic, with some altcoins experiencing significant drops. The intraday expectation is to continue consolidation, and it is recommended to wait patiently for stabilization before taking action. The long-term expectation remains, so maintain confidence.
The secondary market followed BTC's synchronous consolidation, with a mild altcoin trend. Pay attention to the oscillation range, with an intraday expectation of continued sideways consolidation. The market is sluggish, so wait patiently for stabilization.
Altcoins are following the mainstream synchronous consolidation, with some cryptocurrencies experiencing significant drops, related to Binance's adjustment. Patiently wait for the mainstream market to stabilize before taking action. Focus on the primary market. BSC chain activity has increased, so consider following BSC ecosystem cryptocurrencies. SOL chain activity has somewhat recovered, so pay more attention to MEME cryptocurrencies. For existing holdings, patiently wait for market recovery.
Today's Focus:
BTC's 1-hour and 4-hour levels have returned to healthy levels, while the daily level remains below the healthy level. The intraday expectation is consolidation, with the long-term expectation still intact. Intraday support is 82,500-83,000, with resistance at 85,000-86,000.
ETH's 1-hour and 4-hour levels have returned to healthy levels, while the daily level remains below the healthy level. The intraday expectation is consolidation. Intraday support is 1,800-1,850, with resistance at 1,900-1,950.
