Both $BTC & $ETH have tested their respective 4H 200MA/EMA's and bounced from that point.
These will be important to gauge the short/mid term market momentum. As long as price holds them as support, that's good for the bulls. Otherwise, not so much.

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Yesterday, BTC continued to consolidate, with a significant drop in the early morning due to fundamental factors. The 4-hour chart broke through the support zone, and the daily level still needs to be repaired. The short-term cycle requires adjustment, while the weekly trend remains healthy. Pay close attention to fundamental information and the Federal Reserve's interest rate reduction process. The intraday expectation is to maintain an oversold rebound, waiting for the market to move. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start. <二饼> followed BTC in a synchronized decline, with the 4-hour trend falling to the lower end of the oscillation zone. The daily level still needs adjustment. Focus on the breakthrough of the 2500 resistance level during the day. Altcoins followed the mainstream in a synchronized decline. Market sentiment remains low, with the altcoin index falling back to a lower level, waiting...

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