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
