1.7 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today

Market Review

Yesterday, BTC continued to rise, experiencing a significant increase during the early hours, with the growth exceeding expectations. Currently, it has stabilized above 100,000, with a golden cross forming on the daily chart. The expectation for today is a consolidation in preparation for the upcoming rise. A new round of the upward cycle is about to begin, and the pullback support range can be considered for continued follow-up, maintaining confidence. The second-tier cryptocurrencies are rising in sync with BTC, which is in line with expectations. The current trend remains healthy, with expectations for an upward oscillation during the day. The pullback support range can continue to be followed, waiting for further increases. Altcoins are rising in sync with the mainstream, and a slight follow-up can be considered today, awaiting a new upward cycle. For already acquired cryptocurrencies, SATS should be held patiently, considering liquidation around 50. POLYX can continue to be held, and ACT should be maintained.

Highlights Today:

BTC: The 1-hour and 4-hour levels have entered the overbought range, while the daily level is above a healthy level. The expectation for today is to continue rising after a pullback consolidation. The pullback support range can be considered for follow-up. The expectation for the larger cycle has not diminished, with intraday support at 99,500-100,000 and resistance at 103,000-104,000.

ETH: The 1-hour and 4-hour levels are above a healthy level, and the daily level is also above a healthy level. The expectation for today is to maintain an oscillation upward. The pullback support range can be considered for follow-up, with intraday support at 3,580-3,630 and resistance at 3,750-3,820.