Market Review
Yesterday, BTC had a mild pullback, which was expected, a repairing market trend. Yesterday's CPI data was good, but the market reaction was not significant, and market sentiment has not improved. More positive stimuli are needed. The intraday expectation is consolidation, patiently waiting for stabilization before taking action. The larger cycle needs adjustment, waiting for confidence to recover
The secondary market followed BTC's synchronized pullback, and the trend has not yet recovered to a healthy state. The intraday expectation is consolidation, with a sluggish market, patiently waiting for stabilization
Altcoins followed the mainstream synchronized pullback with a small range. Patiently waiting for the mainstream to stabilize before taking action, focusing on the primary market. BSC chain activity has increased, and BSC ecosystem tokens can be considered. SOL chain activity has somewhat recovered, and more attention can be paid to MEME tokens. For existing holdings, patience is needed while waiting for market recovery
Today's Focus:
BTC 1-hour and 4-hour levels return to a healthy level, while the daily level is below the healthy level. Intraday expectation is a mild pullback, with lower support at 78,500-79,000 and upper resistance at 81,500-82,000
ETH 1-hour and 4-hour levels return to a healthy level, while the daily level is below the healthy level. Intraday expectation is a mild pullback, with lower support at 1,470-1,520 and upper resistance at 1,620-1,670
