Original

Bitcoin and Ethereum market analysis on July 7: BTC and ETH today

This article is machine translated
Show original

Bitcoin and Ethereum Market Analysis on 7.7: BTC, ETH Highlights Today

Market Review

BTC slightly increased yesterday, with a 4-hour trend showing healthy recovery, a golden cross formed on the axis, expected to continue rising. Daily volume change is not strong, requiring volume breakthrough, focusing on 4-hour volume changes. Weekly trend has somewhat recovered, pay attention to fundamental information and Federal Reserve interest rate cuts. Intraday expectation is continued rise, with no breakthrough in the big cycle weekly trend, potentially launching a new market trend

The second pie synchronized with BTC's rise, with moderate fluctuation. A 4-hour golden cross formed on the axis, expected to continue rising. Observe 2500 support, daily trend remains healthy but volume is insufficient. Intraday expectation is continued rise

Altcoins synchronized with mainstream rise, altcoin index still low, waiting for mainstream stabilization 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 while waiting for next event. SOL chain activity continuously increasing, worth paying attention to meme coins

Today's Highlights:

BTC 1-hour and 4-hour levels returning to healthy range, daily level returning to healthy range. Intraday expectation is continued rise, with lower support 108500-109000, upper resistance 110000-110500

ETH 1-hour and 4-hour levels returning to healthy range, daily level returning to healthy range. Intraday expectation is continued rise, with lower support 2480-2530, upper resistance 2600-2650

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments