Another big event in the 2024 bull market, Bitcoin halving is coming.
BTC and ETH are sideways at high levels, and the market is confusing.
At this time, the big dog will stand out.
2. Bitcoin trend
Bitcoin has been sideways for three consecutive days, and the current price is about $70,715, with a 24-hour increase of 2%. Facing $71,000 resistance, it may be bullish if it breaks through; if it retreats, $64,000 is a strong support. The RSI indicator is 61, showing that buyers are still dominant, but the market is not overbought, indicating that there is room for growth in the medium term.
3. Ethereum analysis
Ethereum follows Bitcoin and is flat, with a 24-hour increase of less than 1%, and the price fluctuates between $3,450 and $3,670. The recent price is affected by bearish adjustments, but the long-term trend is bullish and has broken through the EMA10 resistance level.
4. Performance of small tokens
Bitcoin Cash (BCH) has risen by more than 5% in 24 hours, and the recent trend is extremely bullish. Dogecoin broke through $0.20, with a 24-hour increase of 17%, the largest increase among the top 100. KuCoin's KCS token resumed its rise,
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