Bitcoin and Ethereum Market Analysis on July 18th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC remained consolidated, with a slight increase this morning. The 4-hour repair was good, with downward momentum weakening, and the adjustment completed. It is expected to continue rising. The daily level still needs consolidation, but market sentiment is positive. The adjustment progress may end early. Pay attention to volume changes. The weekly trend has somewhat recovered. Focus on fundamental information and the Federal Reserve's interest rate reduction process. The intraday expectation is to continue rising, with the large cycle's weekly new round of upward cycle starting
The second pie started an independent market, breaking through the 3600 resistance this morning, exceeding expectations. The 4-hour trend is relatively extreme, theoretically requiring repair, but market sentiment is FOMO, so indicators can be ignored. The daily level trend is extreme, with volume remaining healthy. The intraday expectation is a light adjustment before potentially continuing to rise
Altcoins are rising in sync with the mainstream. The altcoin index has started to rise, with most altcoins experiencing a general increase. BTC's market dominance is beginning to decline, and liquidity is shifting. ETH-related coins are heavily influenced by ETH and can be considered for follow-up. Pay attention to Pendle, which has a good trend and is expected to rise. Binance has been hosting frequent activities, with continuous Alpha point events. Points can be accumulated, and there are many opportunities for rewards recently
Today's Highlights:
BTC's 1-hour and 4-hour levels return to normal, with the daily level above normal. The intraday expectation is to start rising, with lower support at 118,500-119,000 and upper resistance at 123,000-125,000
ETH's 1-hour and 4-hour levels have entered the overbought zone, with the daily level also in the overbought zone. The intraday expectation is to pull back before continuing to rise, with lower support at 3,450-3,500 and upper resistance at 3,700-3,800
