Bitcoin and Ethereum Market Analysis on October 17: BTC and ETH Today's Highlights
Market Review
BTC pulled back again yesterday. The 4-hour trend has bottomed out and diverged. It still needs to be repaired. The daily level is also repairing. Pay attention to the stabilization. The expectation of interest rate cuts has not changed. The subsequent positive factors are still there. The weekly trend is still healthy.
The two cakes follow the BTC to pull back synchronously. The 4-hour trend is recovering and still needs to be sorted out and repaired. The daily level is also repairing.
The altcoin market is consolidating synchronously with the mainstream market, and the altcoin index has recovered slightly. We will wait for the altcoin market to stabilize before considering it. Recently, Binance has been active frequently, and Alpha points activities are constantly being held. You can brush up your points and get some free stuff.
Today's highlights:
BTC 1-hour and 4-hour levels are below the healthy range, and the daily level is below the healthy range. It is expected to repair and consolidate during the day. The lower support is 107500-108000 and the upper resistance is 110000-111000.
ETH 1 hour and 4 hour levels are below the healthy range, and the daily level is below the healthy range. It is expected to repair and consolidate during the day. The lower support is 3800-3850 and the upper resistance is 4000-4050.
