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

Market Review

Yesterday, BTC continued to rise after slight consolidation, with interest rate cuts meeting expectations, driving BTC to a new high of 76,800. A slight pullback is expected today, with a corrective market maintaining an upward trend. Those holding positions should remain confident; the daily level remains healthy, and a golden cross has formed at the weekly level. Continue to hold and maintain confidence; the outlook remains bullish. The second coin followed BTC's rise yesterday, continuing to catch up, having broken through 2,900. A pullback is expected today after a rapid rise, with a corrective market and a continued bullish outlook; it has currently reached the target range of 2,800-3,000. Those holding can reduce their holdings and buy back on the pullback. Altcoins are rising in sync with the mainstream. SATS should be patiently held; consider clearing positions around 50. PEOPLE's trend is not very healthy; wait for a rebound to see future performance. FTM should be held.

BTC: The 1-hour and 4-hour levels have entered the overbought range, and the daily level is above the healthy range. A pullback is expected today, with an upward trend. The longer-term outlook has not weakened; today’s support is at 74,300-74,800, and resistance is at 76,500-77,000.

ETH: The 1-hour and 4-hour levels have entered the overbought range, and the daily level is above the healthy range. A pullback is expected today; those with positions can slightly reduce their holdings. Today's support is at 2,780-2,830, and resistance is at 2,950-3,000.