Market Analysis, BTC may welcome a second attack after fluctuations and adjustments, ETH bullish structure continues

BTC Analysis

Currently, Bitcoin (BTC) is maintaining a high-level fluctuation trend, and the weekly level shows that the adjustment phase has basically ended, with the potential to start a new round of upward trends. The daily structure remains good, and the main operation still focuses on building long positions on dips.

From the 4-hour cycle perspective, BTC is currently in a technical correction process, and caution should be exercised in chasing highs in the short term.

The key support range to watch is $92,825–$91,650, which is an important defensive level for short-term long positions. If the $91,650 support is lost, it may trigger further corrections, targeting the $89,300–$87,000 area.

The primary resistance above is at $95,700. If this level cannot be effectively broken, it is advisable to remain on the sidelines in the short term and wait for structural confirmation.

ETH Analysis

Ethereum (ETH) continues to maintain a bullish trend at the daily level. After a quick dip this morning, it rebounded rapidly, indicating strong buying support below. The 4-hour cycle is still in a consolidation phase, and patience is required to wait for the completion of the consolidation.

The support range to watch is $1,735–$1,720. As long as this range is held, the overall upward trend is expected to continue. The resistance above is sequentially at $1,858, $1,890, and $1,950.

If the $1,720 support is broken, a short-term acceleration of the correction may occur, with further support at $1,683, $1,630, and it may even test the key psychological level of $1,600.

Summary

Overall, BTC and ETH are still in a consolidation phase in the short term. It is recommended to operate with the premise of defending key supports, mainly building long positions on dips, managing positions well, and patiently waiting for a second attack opportunity.