Market Review
Yesterday, BTC experienced a mild correction, with a corrective market, as expected. The recent gains were relatively large and reached a key resistance level. Holders can consider reducing their positions by 2-3%, and take profits in batches to avoid the top. Intraday, it is expected to continue adjusting. ETH followed BTC's synchronous correction, maintaining consolidation. During the day, pay attention to BTC's consolidation status. If it can remain sideways, ETH may continue to follow up and make up for the gains. Pay attention to the 3450-3500 resistance level. On the altcoin side, they followed ETH's synchronous adjustment, with most coins consolidating. For SATS, be patient and continue to hold. Around 50, you can consider closing the position. PEOPLE is still relatively sluggish, and many people have gotten off the bus. You can consider continuing to hold. FTM maintains its position. The new altcoin recommendation is ACT, which can be considered for follow-up, as there may be good room for growth in the future.
Highlights for Today:
BTC: The 1-hour and 4-hour levels are above the healthy level, and the daily level is also above the healthy level. Intraday, it is expected to consolidate, and the long-term cycle is not weakened. Intraday, the downside support is 96000-96500, and the upside resistance is 98000-98500.
ETH: The 1-hour and 4-hour levels are above the healthy level, and the daily level is also above the healthy level. Intraday, it is expected to make up for the gains. Intraday, the downside support is 3250-3300, and the upside resistance is 3450-3500.
