Bitcoin and Ethereum Market Analysis on October 10: What to Watch for BTC and ETH Today
Market Review
Yesterday, BTC slightly adjusted back and adjusted. The 4-hour trend remained healthy. Pay attention to the stabilization of 120,000. The daily level remained healthy. Pay attention to the interest rate cut. After the adjustment, it is expected to start a new round of rising cycle. The weekly trend remained healthy.
The second cake follows the BTC cake to consolidate synchronously, with a slight callback. Pay attention to the stabilization of 4300. It is repairing in 4 hours. The trend is good. Pay attention to the changes in volume at the daily level. The general direction continues to be bullish.
The altcoin market is consolidating synchronously with the mainstream market. The altcoin index has recovered slightly, but market sentiment is still not high. Pay attention to the BTC market share, the fiat currency buying signal, and the altcoin launch signal. ETH-affiliated currencies are more affected by ETH. PENDLE can continue to be held. Binance has been active recently, and Alpha points activities are continuous. You can brush up your points and get some bargains.
Today's highlights:
BTC 1-hour and 4-hour levels have returned to the healthy range, and the daily level is above the healthy range. It is expected to maintain consolidation during the day. The lower support is 120000-120500, and the upper resistance is 122000-122500.
ETH 1-hour and 4-hour levels have returned to the healthy range, and the daily level has returned to the healthy range. It is expected to maintain consolidation during the day. The lower support is 4250-4300 and the upper resistance is 4450-4500.
