Bitcoin and Ethereum Market Analysis on 6.23: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to decline, with geopolitical conflicts escalating, a 4-hour volume-driven drop breaking through the 100,000 mark, with downward momentum strengthening, the divergence pattern broken, still needing adjustment, patiently waiting to move out, daily level still requires consolidation, waiting for 4-hour level breakthrough, weekly trend showing changes, upward momentum blocked, focusing more on fundamental information, Federal Reserve interest rate cuts, expecting an oversold rebound intraday, with weekly level not yet broken, a new round of market movement is expected to start
Ethereum followed BTC in synchronized decline, 4-hour level again showing volume, downward momentum increasing, divergence pattern broken, daily level trend not optimistic, continuous decline, waiting for rebound, expecting an oversold rebound intraday
Altcoins followed mainstream cryptocurrencies in synchronized decline, altcoin index still low, waiting for mainstream to stabilize before considering follow-up, ETH-related coins heavily influenced by ETH, waiting for stabilization before considering follow-up, recent Binance activities frequent, Alpha points activities ongoing, can accumulate points, waiting for next round of activities, SOL chain activity continuously rising, recommended to pay attention to MEME coins
Today's Highlights:
BTC 1-hour and 4-hour levels entering oversold zone, daily level below healthy range, expecting intraday oversold rebound, intraday lower support 99,500-100,000, upper resistance 102,000-102,500
ETH 1-hour and 4-hour levels entering oversold zone, daily level below healthy range, expecting intraday oversold rebound, intraday lower support 2,150-2,200, upper resistance 2,300-2,350
