Bitcoin and Ethereum Market Analysis on 4.17: BTC, ETH Highlights Today
Market Review
Yesterday, BTC maintained a consolidation, with a healthy trend. Recently, attention should be paid to tariff progress and Federal Reserve interest rate cuts. Positive news is expected soon. Intraday expectation is continued consolidation, with light follow-up consideration. The larger cycle needs adjustment, waiting for confidence to recover
Secondary market followed BTC's synchronous consolidation, with a trend expected to return to health. Intraday expectation is to maintain consolidation, with small positions to follow, entering in batches, and large positions patiently waiting for stabilization
Altcoins followed mainstream synchronous consolidation with limited amplitude. Patiently waiting for mainstream stabilization before taking action, focusing on the primary market. SOL chain activity has somewhat recovered. Pay attention to meme coins, and for existing positions, patiently wait for market recovery
Today's Highlights:
BTC 1-hour and 4-hour levels returning to healthy levels, daily level below healthy levels. Intraday expectation is a mild increase, with lower support at 83000-83500 and upper resistance at 85500-86000
ETH 1-hour and 4-hour levels returning to healthy levels, daily level below healthy levels. Intraday expectation is a mild increase, with lower support at 1550-1600 and upper resistance at 1670-1720
