Bitcoin and Ethereum Market Analysis on October 22: What to Watch for BTC and ETH Today
Market Review
BTC continued to consolidate yesterday, rising rapidly and then falling back, with large fluctuations. The 4-hour trend recovered slightly, but still needs to be repaired. The daily level is warming up, and the downward momentum is weakening. 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 cake to consolidate synchronously. The 4-hour trend is recovering and still needs to be sorted out and repaired. The daily level is also repairing.
The altcoin rebounded synchronously with the mainstream, and the altcoin index recovered slightly. We will wait for the altcoin to stabilize before considering it. Recently, Binance has been active frequently, and Alpha points activities are constantly going on. You can brush up your points and get some free stuff.
Today's highlights:
BTC 1-hour and 4-hour levels have returned to 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 107000-108000, and the upper resistance is 110000-111000.
ETH 1 hour and 4 hour levels returned to the healthy range, and the daily level was below the healthy range. It is expected to repair and consolidate during the day. The lower support is 3750-3800 and the upper resistance is 4000-4100.
