Market Review
Yesterday, BTC continued to rise after a slight adjustment, with the interest rate cut meeting expectations, driving BTC to break through new highs, reaching a maximum of 76,800. It is expected to have a slight pullback and adjustment during the day, maintaining a fluctuating upward trend. Those with positions should hold on, the daily level remains healthy, and the weekly level has already formed a golden cross, maintain holding, and remain confident. The follow-up will continue to be bullish. OP also followed BTC to rise synchronously yesterday, continuing to make up for the increase, and has already broken through 2,900. It is expected to have a pullback and adjustment during the day, with a relatively fast short-term rise, and a corrective market. The follow-up will continue to be bullish, and the current target range of 2,800-3,000 has been reached. Holders can consider reducing their positions, and re-enter during the pullback. Altcoins have followed the mainstream to rise synchronously, SATS should be patiently held, and around 50 can be considered for clearing. PEOPLE's trend is not very healthy, waiting for a rebound to see the subsequent performance. FTM should be held.
BTC: The 1-hour and 4-hour levels have entered the overbought area, and the daily level is higher than the healthy level. It is expected to have a pullback during the day, with a fluctuating upward trend. The long-term cycle is not expected to weaken. The downside support during the day is 74,300-74,800, and the upside resistance is 76,500-77,000.
ETH: The 1-hour and 4-hour levels have entered the overbought area, and the daily level is higher than the healthy level. It is expected to have a pullback during the day. Those with positions can slightly reduce their positions. The downside support during the day is 2,780-2,830, and the upside resistance is 2,950-3,000.
