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Analysis of Bitcoin and Ethereum market on April 26: What to watch for BTC and ETH today

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Market Review

Yesterday, BTC slightly increased, maintaining a healthy trend. Recently, attention should be paid to tariff progress and Federal Reserve interest rate cuts. Intraday expectations are for continued consolidation. Previously accumulated positions can be appropriately reduced. The big cycle market is recovering, so patience is advised.

Bitcoin secondary market followed BTC with a slight increase. Those who entered earlier can appropriately reduce positions. Patience is needed for the big market to stabilize. Intraday expectations are for consolidation, with a recovery-oriented market.

Altcoins followed the mainstream with a slight increase, with limited magnitude. Considering following up lightly after mainstream stabilization. Binance has been active recently, and the BSC ecosystem is expected to recover. CAKE can be considered, currently maintaining health and worth following. SOL's on-chain activity continues to rise. More attention can be paid to MEME coins. For existing positions, patience is needed while waiting for market recovery.

Today's Focus:

BTC 1-hour and 4-hour levels return to healthy levels, daily level returns to healthy levels. Intraday expectations are for consolidation. Intraday support is 93000-93500, with resistance at 95000-96000.

ETH 1-hour and 4-hour levels return to healthy levels, daily level returns to healthy levels. Intraday expectations are for consolidation. Intraday support is 1700-1750, with resistance at 1830-1880.

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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