Bitcoin and Ethereum Market Analysis on 8.19: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to adjust and consolidate, with a 4-hour trend showing changes, declining momentum weakening, daily trend remaining healthy, weekly trend maintaining health. Focus on fundamental information, Federal Reserve interest rate cuts, with an intraday expectation of consolidation, and a new weekly upward cycle starting in the larger cycle
Ethereum followed BTC in continued adjustment and consolidation, with a 4-hour trend showing changes, upward momentum blocked, daily trend remaining healthy, with an intraday expectation of consolidation
Altcoins synchronized with mainstream coins in pullback, altcoin index slightly declining, market sentiment still low. Monitoring BTC market dominance, fiat buying signals, judging altcoin startup signals. ETH-related coins heavily influenced by ETH. Pendle can be continued to hold. Recent Binance activities frequent, Alpha points activities ongoing, points can be accumulated. Many opportunities for rewards recently
Today's Highlights:
BTC 1-hour and 4-hour levels below healthy range, daily level back to healthy range, intraday expectation of consolidation, intraday lower support 114000-115000, upper resistance 117000-118000
ETH 1-hour and 4-hour levels returned to healthy range, daily level above healthy range, intraday expectation of consolidation, intraday lower support 4150-4250, upper resistance 4350-4450
