Yesterday's market review and intraday market analysis Bitcoin (BTC)
Bitcoin continued to fall yesterday, in line with expectations. The double negative factors of the macro environment and fundamentals are still continuing. Powell's hawkish remarks have further reduced the expectation of interest rate cuts, and market confidence has been hindered. The recent market may continue to fall. Focus on the non-agricultural data market on Friday, which will be related to the overall trend of this month.
Ethereum (ETH)
Ethereum fell synchronously with Bitcoin. Affected by the macro environment, the outlook is still not optimistic. Currently, it is close to the lower edge of the box oscillation. The overall situation is not optimistic. Affected by macro confidence, there is a possibility of further decline. In the near future, the main defense is adopted. The altcoin sector also follows the mainstream currencies to pull back synchronously. Some currencies have fallen sharply. It is recommended to watch more and do less.
Intraday market analysis
Bitcoin (BTC)
1-hour, 4-hour level: below normal
Daily level: below healthy level
Macro environment and fundamentals: negative news continues
Yesterday's impact: Hawkish comments led to a sluggish market
Resistance: 62000-62200
Support: 60000-60500
There is a high probability of continued correction today, and it is recommended to wait for a deterministic signal.
Ethereum (ETH)
1-hour, 4-hour level: below normal
Daily level: below healthy level
Macro impact and on-chain data: sluggish
Yesterday's impact: Hawkish comments led to a sluggish market
Resistance: 3400-3420
Support: 3250-3300
Today, there is a high probability of continued correction, and it is recommended to wait for a deterministic signal.
In general, the market has been greatly affected by the macro environment and fundamentals recently. It is recommended to remain patient, pay attention to deterministic signals, and operate with caution.
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