Market Review
Yesterday, BTC continued to decline, with significant impact from the trade war, weak market confidence, and capital flight. The intraday expectation is consolidation, patiently waiting for stabilization before taking action. The larger cycle needs adjustment, waiting for confidence to recover
The secondary market followed BTC's synchronized decline, breaking through support levels. The intraday expectation is consolidation, with a sluggish market, patiently waiting for stabilization
Altcoins followed the mainstream cryptocurrencies in a synchronized decline, with high volatility. Patiently waiting for mainstream markets to stabilize before taking action, focusing on the primary market. BSC chain activity has increased, consider following BSC ecosystem tokens. SOL chain activity has somewhat recovered, pay attention to MEME tokens. For existing holdings, patiently wait for market recovery
Today's Focus:
BTC 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels. Intraday expectation is consolidation, with support at 73,500-74,000 and resistance at 76,500-77,500
ETH 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels. Intraday expectation is consolidation, with support at 1,350-1,400 and resistance at 1,500-1,550
