Yesterday, the market experienced a round of oversold rebound, and Bitcoin (BTC) successfully recovered the lost ground in the Vegas channel on the daily line. If the intraday support level of $61,000 can remain stable, the rebound trend is expected to continue. In the short term, $63,000 will be a key resistance level.
Ethereum (ETH) has an intraday support level between $3,350 and $3,360. As long as this level is not broken, the market is likely to continue to test the pressure area of $3,450 to $3,470 upward.
For most altcoins, yesterday's rebound is still regarded as a natural reaction after oversold, and only a few currencies have shown a relatively strong daily pattern.
Among them, currencies such as Ondo, Jasmy and People are still in the strong area of the daily line and have not undergone major adjustments. These currencies have also been actively recommended by the community before. I believe that after appropriate adjustments, these currencies will likely be the first to show a trending market.
Please note that the cryptocurrency market is highly volatile and investment is risky. The above analysis is for reference only and does not constitute an investment advice.
