Bitcoin and Ethereum Market Analysis on 6.26: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to rise as expected. Geopolitical conflicts have paused, with a ceasefire agreement reached between Israel and others, restoring market confidence. The 4-hour trend has returned to a healthy state and is expected to continue rising. The downward momentum on the daily level has decreased, with a divergence pattern observed. The golden cross has formed, suggesting potential continued growth. The weekly trend has somewhat recovered. Pay attention to fundamental information, the Federal Reserve's interest rate cuts, and expect a mild correction during the day before continuing to rise. On the larger cycle, the weekly trend has not broken, and a new market trend is expected to start.
Ethereum followed BTC's synchronous rise. The 4-hour volume has weakened, with a head and shoulders pattern forming. The daily downward momentum has weakened. Expect continued rise during the day, focusing on resistance above 2500.
Altcoins are rising in sync with mainstream cryptocurrencies. The altcoin index remains low, waiting for mainstream coins to stabilize before considering entry. ETH-related coins are heavily influenced by ETH, also waiting to stabilize. 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 potential interest in MEME coins.
Today's Highlights:
BTC: 1-hour and 4-hour levels returning to a healthy range. Daily level returning to a healthy range. Expect a mild correction during the day before continuing to rise. Lower support 106,500-107,000, upper resistance 108,500-109,500.
ETH: 1-hour and 4-hour levels returning to a healthy range. Daily level returning to a healthy range. Expect continued rise during the day. Lower support 2,400-2,450, upper resistance 2,520-2,600.
