Bitcoin and Ethereum Market Analysis on 8.13: BTC, ETH Highlights Today
Market Review
Yesterday, BTC slightly increased, with CPI data being mildly positive. The 4-hour trend remains healthy, maintaining an upward trend. The daily trend is healthy, with a golden cross formed on the axis, signaling the start of a new round of increase. The weekly trend remains healthy. Pay attention to fundamental information, the Federal Reserve's interest rate reduction process, with an intraday expectation of continued rise, and a new round of increase starting in the weekly cycle
The second pie chart has launched an independent market trend, maintaining a healthy 4-hour performance, with volume-driven increase. The upward expectation remains unchanged, the daily level remains healthy, a golden cross formed on the axis, opening a new round of increase, with an intraday expectation of continued rise
Altcoins are rising in sync with mainstream trends. The altcoin index is slightly adjusted, with market sentiment moderately recovering. Focus on BTC market share, fiat currency buying signals, and judging altcoin launch signals. ETH-related coins are heavily influenced by ETH. Pendle has performed well with a volume breakthrough and can be continued to be held. Binance has been frequently hosting activities, with ongoing Alpha points events where points can be accumulated. Recently, there have been many opportunities to benefit
Today's Highlights:
BTC's 1-hour and 4-hour levels have returned to healthy levels, with the daily level maintaining normal levels. Intraday expectation is a mild increase, with lower support at 118,500-119,000 and upper resistance at 121,000-122,000
ETH's 1-hour and 4-hour levels have entered the overbought zone, with the daily level also in the overbought zone. Intraday expectation is continued increase, with lower support at 4,350-4,400 and upper resistance at 4,700-4,800
