12.4 Bitcoin Ethereum Market Analysis: BTC, ETH Today's Highlights
Market Review
Yesterday, BTC experienced a brief drop due to events in South Korea, but has since recovered the losses. Currently, it maintains a healthy status at the 4-hour level, with a healthy candlestick trend. The negative impact is not severe. Today, continue to monitor the support level of 94500-95000. If the consolidation is completed, it is expected to continue rising. Currently, the resistance at 97000-98000 is relatively high and needs to be broken through in conjunction with positive news. Next, pay attention to Friday's non-farm payroll data and the fundamental information regarding Microsoft's entry. Altcoins are following BTC's adjustment and consolidation, maintaining a healthy trend. There is an expectation for further increases today, testing resistance above 3700. On the altcoin side, they are consolidating alongside ETH, with most coins recovering yesterday's losses. ETH has seen a good increase in its associated tokens. SATS should be held patiently, and it may be worth considering clearing out around 50. PEOPLE has shown some recovery, with many exiting, but it may be worth continuing to hold. DOGS should be held. FTM can start reducing holdings. Today, coins in the RAW track have all seen increases, POLYX can be monitored, with increased volume at the 4-hour level indicating signs before a surge. It may be worth considering an entry around 0.4 for this coin, as it can be held long-term with low risk. ACT was advised to reduce holdings last week, and the remaining position can be held.
Today's Highlights:
BTC: The 1-hour and 4-hour levels have returned to healthy levels, while the daily level is above healthy levels, with an expectation of oscillation and consolidation today. The support levels below are 94500-95000, and the resistance above is 97000-98000.
ETH: The 1-hour and 4-hour levels maintain healthy levels, with the daily level above healthy levels, with an expectation of further increases today. The support levels below are 3570-3620, and the resistance above is 3720-3770.