Market Analysis for BTC and ETH on May 30th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to consolidate and pullback, breaking below the 107,000 support level. The 4-hour level still needs recovery, with a daily-level top divergence still present. Waiting for daily movement, the weekly trend remains healthy. Focus on fundamental information, Federal Reserve rate cut progress. Intraday expectation is continued consolidation, patiently waiting. The weekly golden cross has formed, potentially launching a new market trend
The second coin followed BTC's synchronous consolidation, failing to stabilize at 2,700 and falling back. The 4-hour trend remains healthy, waiting for BTC to stabilize. Observing intraday, considering following up after BTC stabilizes
Altcoins synchronized consolidation with mainstream coins, market sentiment low. Altcoin index pulled back to lower levels. Considering following up after mainstream coins stabilize. Focusing on meme, ETH track coins. Recent Binance activities frequent, Alpha points activities ongoing. Can accumulate points, waiting for next activity. SOL's on-chain activity continuously rising, worth paying attention to MEME coins
Today's Highlights:
BTC 1-hour and 4-hour levels below healthy range, daily level back to healthy range. Intraday continued pullback, lower support 104,000-104,500, upper resistance 107,000-107,500
ETH 1-hour and 4-hour levels back to healthy range, daily level back to healthy range. Intraday expected consolidation, lower support 2,500-2,550, upper resistance 2,700-2,750
