#Gate.io 11周年终极奇妙派对，参与抽奖赢重磅好礼 #Gate.io 11周年终极奇妙派对，参与抽奖赢重磅好礼 Review of Yesterday's Market

Yesterday, BTC continued to pull back as expected, and the short-term downward channel is still continuing. There was no obvious negative news yesterday, but the impact of the lowered interest rate expectation still exists. Market confidence needs time to recover. The price has been continuously falling on the 4-hour chart, and the market sentiment is still not optimistic. A mild rebound is estimated for today, and attention should be paid to the 65000-65500 resistance level. Compared with BTC, the trend of ETH is healthier, but it has also failed to break out of the oscillation range. The fundamental favorable information is also fading away quickly. The ETF may be approved soon, and the speculation expectation is also coming to an end. The macro environment is not optimistic, and the expectation is still pessimistic. A mild drop is expected today, and attention should be paid to the 3550-3600 resistance level. Altcoins continued to follow the mainstream's pullback yesterday, and the current environment is uncertain. Clear signals are still needed, and rebounding does not mean reversing. It is recommended to wait and watch for the right opportunity to enter.
Intraday Market Analysis
BTC 1-hour and 4-hour levels are below the healthy level, and the daily level is also below the healthy level. The macro environment is still influential, the market is sluggish, and the main strategy is to wait and see. The upper resistance during the day.
65000-65500, the support below is 63000-63500, the probability of further pullback is higher after a mild rebound today, need to observe and wait patiently
ETH 1-hour, 4-hour moving averages are still below healthy levels, and the daily chart is also not very healthy. The bullish expectations have been worn out. Pay attention to the range-bound volatility during the day. The resistance above is 3550-3600, and the support below is 3350-3400. The probability of further pullback is higher after a mild rebound today. Wait and see.