Yesterday, BTC remained in consolidation, hitting a bottom and rebounding in the early morning. The market experienced significant fluctuations, and the downward momentum on the daily level has decreased. Consolidation is still needed during the day. The blockchain summit will be held on March 7, so pay attention to fundamental news and patiently wait for stability. The expectation for consolidation during the day remains, and the long-term outlook is still intact. Maintain confidence.
Altcoins are following BTC's pullback, and have not yet stabilized. Wait patiently. Altcoins are tracking mainstream coins with minor fluctuations, and wait for stabilization before considering follow-ups. Recently, new platforms on-chain can be focused on BTC's Odin and SOL's TIME. New platforms, new opportunities.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels have returned to a healthy range, but the daily level is below a healthy range. Expect consolidation during the day; the long-term outlook is still intact. The intraday support is at 85000-86000, with resistance at 88000-89000.
ETH's 1-hour and 4-hour levels are below a healthy range, and the daily level is also below a healthy range. Expect consolidation during the day. The intraday support is at 0550-2100, with resistance at 2200-2250.
Yesterday, BTC continued to fall in large volume, and the decline exceeded expectations. There was no obvious negative news. The divergence was seen in the 4-hour period, and the divergence pattern at the daily level is still there. The market is sluggish. The current panic index has reached 10, and the rebound is not far away. The expected oversold rebound within the day can be considered to follow up and replenish. The large cycle expectation is still there, and confidence is maintained
The second cake fell synchronously with BTC and broke the support level. The divergence was seen in the 4-hour period, and the daily line has seen a divergence. Consider following up and replenishing. The cottage followed the mainstream and fell synchronously. The bottoming signal has been seen, and it can be considered to follow up and build in batches
Recently New platforms on the chain can pay attention to Odin on the BTC chain and TIME on the SOL chain. New platforms and new opportunities
Intraday market analysis
BTC 1-hour and 4-hour levels enter the oversold range, and the daily level enters the oversold range. Oversold rebound is expected during the day, and the large cycle expectation is still there. The lower support is 83500-84000 during the day, and the upper resistance is 87000-88000
ETH 1-hour and 4-hour levels enter the overbought range, and the daily level is below the healthy level. Oversold rebound is expected during the day. The lower support is 2250-2300 during the day, and the upper resistance is 2450-2500