Yesterday's market review
Yesterday, BTC began to adjust and consolidate, and adjusted back to around 85,200, and then quickly recovered the restorative market. The short-term rapid rise and adjustment is a normal demand. It is expected to continue to consolidate during the day. Pay attention to the support of 85,000. At present, the greed index has soared. It is recommended that old irons holding BTC start to reduce their holdings and control risks. The daily level has entered overbought, and the weekly level has entered overbought. The expectation of a correction is strong. Pay attention to changes in market sentiment, reduce holdings to avoid risks, and continue to be bullish in the future if the big cycle remains unchanged.
The second cake followed BTC to adjust synchronously yesterday. It rose to 34,500 in a short period of time and then adjusted back to around 3200. It is expected to continue to consolidate during the day. Pay attention to the support of 3150-3200.
For the cottage industry, follow the mainstream to adjust synchronously. SATS continues to hold patiently. You can consider clearing your position around 50. PEOPLE has been repaired In the previous market, there was no obvious rise during the election, and many people got off the train. You can consider continuing to hold. FTM keeps holding. The new mountain race recommends ACT to consider following up. There will be good space in the future.
Intraday market analysis
BTC 1 hour and 4 hour levels are higher than the healthy level, and the daily level enters the overbought range. It is expected to consolidate during the day and fluctuate upward. The expectation of the big cycle has not weakened. The lower support is 85000-85500 during the day, and the upper resistance is 88800-89300.
ETH 1 hour and 4 hour levels are higher than the healthy level, and the daily level enters the overbought range. It is expected to consolidate during the day. The lower support is 3150-3200 during the day, and the upper resistance is 3350-3400.