Bitcoin and Ethereum Market Analysis on July 24th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC pulled back and consolidated, with a good 4-hour repair situation, consecutive 4-hour long lower shadows, good support, and expected to continue rising. The daily level still needs consolidation, market sentiment is good, focusing on volume changes. The weekly trend has somewhat recovered, pay attention to fundamental information, Federal Reserve interest rate cuts. Intraday expectation is to continue rising, with the big cycle weekly new round of upward cycle starting
The second pie started an independent market trend, with a good 4-hour adjustment, the daily level trend is relatively extreme. Volume remains healthy, but the short-term increase is too rapid, still needing consolidation, with an intraday expectation of maintaining sideways movement
Altcoins followed the mainstream synchronous pullback, altcoin index maintaining a medium level. Market sentiment remains low, BTC market share beginning to decline, liquidity starting to shift. ETH-related coins are heavily influenced by ETH, can be considered to follow. Pay attention to PENDLE, with a good trend and potential to rise. Recent Binance activities are frequent, with continuous Alpha points activities, can brush points. Recently, there are many opportunities to take advantage of
Today's Highlights:
BTC 1-hour and 4-hour levels return to normal, daily level above normal. Intraday expectation is to maintain rising, with lower support at 117,500-118,000, and upper resistance at 120,000-121,000
ETH 1-hour and 4-hour levels return to normal, daily level entering overbought zone. Intraday expectation is sideways consolidation, with lower support at 3,550-3,600, and upper resistance at 3,700-3,750
