Bitcoin and Ethereum Market Analysis on 6.24: BTC, ETH Highlights Today
Market Review
Yesterday, BTC rebounded sharply beyond expectations, with geopolitical conflicts potentially pausing. The 4-hour chart showed increased volume, returning to the original oscillation range. The daily downward momentum weakened, showing a divergence pattern. Waiting for the 4-hour level movement, the weekly trend has changed, with upward momentum hindered. Focus on fundamental information, Federal Reserve interest rate cuts, and expect continued intraday rebound. The weekly chart has not broken key levels, suggesting a potential new market cycle may start
The secondary market followed BTC's synchronized rebound, with 4-hour volume increasing. A potential head and shoulders pattern may form. The daily downward momentum is weak, with an intraday rebound expected, monitoring resistance at 2500
Altcoins followed mainstream cryptocurrencies in a synchronized rebound. The altcoin index remains low, waiting for mainstream stabilization before considering entry. ETH-related coins are heavily influenced by ETH, also waiting for stabilization. Binance has been hosting frequent activities, with ongoing Alpha point events where points can be accumulated while waiting for the next activity. SOL's on-chain activity continues to rise, with recommended focus on MEME coins
Today's Highlights:
BTC returns to a healthy range in 1-hour and 4-hour levels, with daily level returning to a healthy range. Intraday rebound expected, with lower support at 103500-104000 and upper resistance at 106000-106500
ETH returns to a healthy range in 1-hour and 4-hour levels, with daily level below the healthy range. Intraday rebound expected, with lower support at 2300-2350 and upper resistance at 2500-2550
