BTC Four-Hour Level Market Analysis and Outlook
From the current BTC four-hour trend analysis, the market has entered a consolidation pattern.
The key intraday support level focuses on around 95000 points, which plays a crucial defensive role for the current market direction.
If, during the intraday trading process, the price unfortunately falls below this key support line, the market is likely to embark on another downward journey, expected to dip into the 92000 - 93000 point range, forming a spike pattern.
The resistance level above still maintains focus in the 98000 - 102000 point range. Only when the market successfully breaks through and firmly stands above 102000 points can it trigger a new round of upward movement, pushing the price to a new level.
ETH Intraday Market Analysis and Potential Outlook
ETH's price movement yesterday was relatively stable, with no obvious spike phenomenon, fluctuating near the lowest point around 3300 points.
Based on this, today’s intraday trading can consider this low point as a support base to observe its rebound momentum and amplitude.
The primary focus range is 3500 - 3600 points. If, on the daily level, ETH's price can successfully break through this key point of 3600 points, the subsequent market will have the momentum to challenge the important key position at 3800 points.
Moreover, only when the market successfully breaks through and stabilizes above 3800 points can the entire market expect a new opportunity for initiation. At that time, the altcoin market is also likely to rise, although the degree of rise among different altcoins will vary; some may only see a rise of a few percentage points, while others may achieve a strong rally of 30-50 percentage points, depending on the individual market performance and potential of each cryptocurrency.
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