5.4 Market Overview
① Market Summary
Bitcoin: The current price is around 95800, with a 24h trading volume of 31.44b, down 35% from the previous day, indicating a decrease in market activity. The daily chart shows a divergence, suggesting a potential further pullback. The current long-short ratio is 0.62. Major support is at 93140; a break below may lead to further declines, while a breakout above 97900 may push the price towards the 100k milestone.
Altcoin: The recent performance has been weaker than Bitcoin, with a 24h trading volume of 11.57b, down 37% from the previous day. The daily chart shows a negative trend, with ongoing selling pressure. A head and shoulders pattern is forming on the hourly chart; if the right shoulder forms, it may lead to further declines. ETF inflows are less than BTC, limiting upward price momentum.
② Bitcoin Support Level: 90875—93140 Resistance Level: 97780—98495
Altcoin Support Level: 1777—1801 Resistance Level: 1856—1881
