Bitcoin and Ethereum Market Analysis on 7.10: BTC, ETH Highlights Today
Market Review
Yesterday, BTC remained consolidated, with a volume increase in the early morning, indicating a clear direction. Waiting for the upward momentum to be confirmed again, with potential for continued growth. The 4-hour period entered an overbought state, requiring mild adjustment. The daily volume remains unclear, with the 4-hour period already moving. Intraday confirmation of volume changes may lead to continued growth. The weekly trend has somewhat recovered. Pay attention to fundamental information, Federal Reserve interest rate cuts. Intraday expectation is a mild pullback and consolidation before continuing to rise. The weekly cycle has not broken through, waiting to be launched
Ethereum followed BTC in synchronous growth, breaking through resistance zones. The 4-hour level remains healthy, briefly entering overbought but with a good trend. Indicators can be ignored. The daily level remains healthy, successfully breaking through the oscillation zone with increased volume. Intraday expectation is continued growth
Altcoins are rising in sync with mainstream cryptocurrencies. Altcoin index shows a slight increase. Waiting for mainstream coins to stabilize before considering following. ETH-related coins are heavily influenced by ETH, waiting for stabilization before considering entry. Binance has been hosting frequent activities, with ongoing Alpha point events. You can accumulate points and wait for the next round of activities. SOL's on-chain activity continues to rise, with potential to pay attention to meme coins
Today's Highlights:
BTC is in the overbought zone for 1-hour and 4-hour levels, returning to a healthy zone on the daily level. Intraday expectation is a mild pullback before continuing to rise. Intraday support is 110000-110500, with resistance at 112000-112500
ETH is in the overbought zone for 1-hour and 4-hour levels, returning to a healthy zone on the daily level. Intraday expectation is a mild pullback before continuing to rise. Intraday support is 2650-2700, with resistance at 2800-2900
