Bitcoin and Ethereum Market Analysis: BTC and ETH Today's Status

Bitcoin rose slightly over the weekend and started to rise in volume this morning. From a fundamental point of view, no negative news was found. This is purely a pull of funds. However, the double negatives of the macro environment and fundamentals are still continuing, and the market environment has not completely improved. Don't be blindly optimistic! Today we have to pay attention to whether the resistance level of 64300 can be broken. It is estimated that the possibility of a one-time breakthrough is not high, and there should be a need for a callback adjustment.

Ethereum, compared with Bitcoin, has a more stable trend. The ETF extension has been passed, and the hype of Ethereum is expected to continue. However, the impact of the macro environment is still not very good, and the ecology on the Ethereum chain has been particularly deserted recently. The GAS on the chain has dropped to 1, and the overall situation is still not optimistic. Today we have to see whether it can break through and stand firm at the position of 3550. If it can be done, the market may get better in the future.

The altcoin sector has risen along with the mainstream coins. After the mainstream coins break through the key position, you can consider building a position on the right side.

Today's highlights

Bitcoin: The 1-hour and 4-hour levels are almost in the overbought range, and the daily level has recovered well. However, the impact of the macro environment is still there, the market has not reversed, and the negative fundamentals have not disappeared. We have to wait for the key position to break through before taking action. Today, the upper resistance of Bitcoin is 64500-64800, and the lower support is 62000-62500. We have to see if the resistance level can be broken through. The possibility of a one-time breakthrough is not great. Let's wait and see until there is a definite signal.

Ethereum: Ethereum's 1-hour and 4-hour levels are also almost in the overbought range, and the daily level has recovered well. The impact of the macro environment is still there, and the chain is not active, and no clear reversal signal has been seen. Today, the upper resistance of Ethereum is 3550-3580, and the lower support is 3400-3450. We still have to pay attention to whether the resistance level can be broken through. The possibility of a one-time breakthrough is not great. Let's see the situation first and wait for a definite signal to appear before making plans. #美联储何时降息？ #Meme板块普涨 #币安合约锦标赛 #Mt.Gox将启动偿还计划 $PEPE $NOT $ZK