Bitcoin and Ethereum Market Analysis on 7.25: BTC, ETH Highlights Today
Market Review
Yesterday, BTC remained consolidated, with significant 4-hour volatility. This morning, it dropped with increased volume, without clear negative news. Expecting market makers to wash and adjust, the 4-hour trend broke through support, forming a death cross. Patiently waiting for market direction, the daily level still needs consolidation, with a death cross also formed. Monitoring volume changes, the weekly trend is recovering. Focus on fundamental information, Federal Reserve interest rate cuts. Intraday expectation is continued growth, with the weekly cycle potentially starting a new upward phase
The second coin started an independent trend, with 4-hour downward momentum weakening, adjusting in sync with BTC. The daily level trend is extreme, volume remains healthy, but short-term gains are too rapid, still requiring consolidation. Intraday expectation is to maintain current levels
Altcoins followed the mainstream synchronous callback. Altcoin index remains at medium levels, market sentiment still low. BTC market dominance rose again, with no clear altcoin startup signal. ETH-related coins are heavily influenced by ETH, worth considering. Monitoring Pendle, with a good trend and potential for growth. Recent Binance activities are frequent, with ongoing Alpha point events. Points can be accumulated, with numerous opportunities for rewards
Today's Highlights:
BTC 1-hour and 4-hour levels below normal, daily level above normal. Intraday expectation of oversold rebound. Intraday support 115,000-115,500, resistance 117,500-118,500
ETH 1-hour and 4-hour levels returned to normal, daily level entering overbought zone. Intraday expectation of sideways consolidation. Intraday support 3,500-3,550, resistance 3,700-3,750
