BTC and ETH Market Analysis on 7.28: Key Points for BTC and ETH Today
Market Review
Yesterday, BTC broke through resistance and continued to rise, with a 4-hour trend recovery. Focus on the 118,000 support level; if stabilized, it may continue to rise. The daily trend is recovering well, returning to a healthy trajectory. Pay attention to volume changes, with weekly trends showing some recovery. Focus on fundamental information, Federal Reserve interest rate cuts, and expect sideways movement intraday, with a potential new weekly upward cycle starting
The secondary market initiated an independent trend, with a good 4-hour pattern. A golden cross has formed on the axis, preparing to move. The daily trend is somewhat extreme, currently recovering well, with healthy volume, but the short-term increase is too rapid. Monitor 4-hour volume and expect continued rise intraday
Altcoins are rising in sync with mainstream cryptocurrencies. The altcoin index remains at a medium level, with market sentiment recovering. Monitor BTC market dominance and fiat buy signals to determine altcoin launch signals. ETH-related coins are heavily influenced by ETH and can be considered for follow-up. Pay attention to Pendle, which shows a good trend and potential for rise. Recent Binance activities are frequent, with ongoing Alpha point events where points can be accumulated, and there are many opportunities for rewards
Today's Focus:
BTC: 1-hour and 4-hour levels return to normal, daily level returns to normal. Expect a slight intraday pullback followed by continued rise. Intraday support is 118,000-118,500, with resistance at 120,000-121,000
ETH: 1-hour and 4-hour levels return to normal, daily level enters overbought zone. Expect continued rise intraday. Intraday support is 3,750-3,800, with resistance at 3,900-4,000
