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Analysis of Bitcoin and Ethereum market on April 18: What to watch for BTC and ETH today

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Market Review

Yesterday, BTC maintained a consolidation, with a healthy trend. Recently, attention is still needed on tariff progress and Federal Reserve interest rate cuts. The 4-hour level downward momentum has been largely consumed, with potential for intraday rise. Light follow-up can be considered. The larger cycle needs adjustment, waiting for confidence to recover.

The secondary market followed BTC's synchronous consolidation, with a trend expected to return to health. Intraday focus on BTC's upward movement, potentially rising in sync with BTC. Small positions can be followed, entering in batches, with larger positions patiently waiting for stabilization.

Altcoins followed mainstream synchronous consolidation with limited amplitude. Patiently waiting for mainstream stabilization before taking action, focusing on the primary market. SOL chain activity has somewhat recovered. More attention can be paid to MEME coins. For existing coins, patiently wait for market recovery.

Today's Focus:

BTC 1-hour and 4-hour levels return to healthy levels, while daily level is below healthy levels. Intraday expectation is a mild increase. Intraday support is 83,500-84,000, with resistance at 86,000-87,000.

ETH 1-hour and 4-hour levels return to healthy levels, while daily level is below healthy levels. Intraday expectation is a mild increase. Intraday support is 1,530-1,580, with resistance at 1,670-1,720.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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