July 30th Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today
Market Review
Yesterday, BTC had a mild callback and consolidation, with a 4-hour trend repair, oscillating and consolidating. The daily level repair was good, with the trend returning to health. Pay attention to volume changes, weekly trend has somewhat recovered. Focus on fundamental information, Federal Reserve interest rate cuts, with an intraday expectation of maintaining consolidation. The large cycle suggests the start of a new weekly upward cycle
The second pie started an independent market trend, with a good 4-hour trend, mild callback, and building momentum. The daily level trend is relatively extreme, currently repairing well, with healthy volume, but short-term gains are too rapid. Pay attention to 4-hour volume, with an intraday expectation of maintaining consolidation
Altcoins followed mainstream synchronous growth, with the altcoin index maintaining a medium level. Market sentiment has somewhat recovered. Pay attention to BTC market dominance, fiat buy signals, and judging altcoin startup signals. ETH-related coins are heavily influenced by ETH and can be considered for follow-up. Focus on PENDLE, with a good trend and potential for growth. Recent Binance activities are frequent, with ongoing Alpha points activities. Points can be accumulated, and there are many opportunities for rewards
Today's Highlights:
BTC 1-hour and 4-hour levels return to normal, daily level returns to normal. Intraday expectation is to maintain consolidation, with lower support at 117,000-117,500 and upper resistance at 119,000-119,500
ETH 1-hour and 4-hour levels return to normal, daily level enters overbought zone. Intraday expectation is to maintain consolidation, with lower support at 3,700-3,750 and upper resistance at 3,850-3,950
