Bitcoin and Ethereum Market Analysis on July 15th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to rise, breaking through the historical high again. The 4-hour chart formed a top divergence pattern, and a callback began in the early morning. Patience is needed to wait for the consolidation to end. Tonight's CPI data will be crucial, with expectations of negative news. The daily chart shows a long upper shadow, indicating potential top formation and the need for a pullback and consolidation. Patience is required. The weekly trend is recovering, with more focus on fundamental information, the Federal Reserve's interest rate cut process. Intraday expectations are for a pullback and consolidation, with the weekly cycle potentially starting a new upward trend
The secondary market followed BTC's synchronous consolidation, failing to break through the 3100 resistance level. The 4-hour downward momentum is increasing, requiring further consolidation and patience. The daily chart remains healthy, with attention on the consolidation situation and intraday pullback expectations
Altcoins are consolidating in sync with mainstream cryptocurrencies. The altcoin index is slightly up, with most altcoins experiencing a general rise. Waiting for liquidity transfer and mainstream market stabilization before considering entry. ETH-related coins are heavily influenced by ETH, requiring stabilization before consideration. Binance has been active recently, with ongoing Alpha point activities that can be utilized while waiting for the next event. SOL's on-chain activity continues to rise, with increased focus on MEME coins
Today's Highlights:
BTC 1-hour and 4-hour levels return to normal, daily chart returns to normal. Intraday pullback and consolidation expected. Intraday support at 113500-114000, resistance at 118000-119000
ETH 1-hour and 4-hour levels return to normal, daily chart returns to normal. Intraday pullback and consolidation expected. Intraday support at 2750-2800, resistance at 3000-3100
