Recently, Bitcoin has been oscillating at high levels on the daily chart, with the weekly chart strongly stabilizing at $92,000. This wave of Bitcoin's rise is backed by real investment from MicroStrategy and capital from thousands of ETFs, so there won't be a significant drop in the short term.
On the daily chart, closely monitor the support at $92,000 below Bitcoin.
Pay close attention to the strong resistance at $96,000 above on the daily chart.
Last week, Bitcoin closed with a solid large bullish candle on the weekly chart, indicating that the overall bullish force in the market is relatively strong. After Bitcoin finishes adjusting, I personally expect it to further push up to test the ultra-strong resistance at $102,000 above.
Ethereum showed weak rebound on the daily chart. Although last week it closed with a large bearish candle on the weekly chart, there is heavy pressure above for Ethereum.
On the daily chart, there is strong selling pressure at $1,920 above Ethereum.
The ultra-strong resistance on the weekly chart is at $2,200 above.
Although the upgrade of Ethereum is imminent, the long-criticized scalability issue has still not been effectively resolved.
The narrative for Ethereum has not further developed, so the short-term upward space for Ethereum will not be particularly large. I have repeatedly emphasized that the bullish market for Ethereum has ended, and I personally feel that Ethereum is not suitable for medium to long-term holding, only for short-term swing trading.
SOL has shown commendable performance recently, and its ecosystem has further developed and improved, so the market heat for SOL has remained high, with the price returning to the corresponding level.
The strong resistance above SOL on the weekly chart is at $180, and I personally think that in the short term, SOL's overall performance will be better than that of ETH.