Market Review
Yesterday, BTC had a mild pullback, which was expected. Recently, attention should be paid to tariff progress and Federal Reserve interest rate cuts. With rapid short-term gains, the intraday expectation is to continue consolidation and recovery. Previously accumulated positions can be appropriately reduced. The big cycle market is recovering, so patience is needed.
The second tier followed BTC's synchronized pullback, which was expected. Those who entered earlier can appropriately reduce positions. For large positions, patiently wait for stabilization, with an intraday expectation of maintaining consolidation and a recovery-oriented market.
Altcoins followed mainstream cryptocurrencies in synchronized adjustment with limited magnitude. Patiently wait for mainstream stabilization before taking action, focusing on the primary market. BSC has become more active, and direct purchases of MEME-type coins should begin. The BSC ecosystem is expected to recover, with CAKE worth monitoring as it remains healthy and can be considered for follow-up. For existing positions, patiently wait for market recovery.
Today's Focus:
BTC has entered the overbought zone at 1-hour and 4-hour levels, with the daily level returning to a healthy range. Intraday expectation is to maintain consolidation, with lower support at 91000-91500 and upper resistance at 93500-94000.
ETH has entered the overbought zone at 1-hour and 4-hour levels, with the daily level returning to a healthy range. Intraday expectation is to maintain consolidation, with lower support at 1680-1730 and upper resistance at 1800-1850.
