Market review and analysis
The overall market is beginning to enter a recovery phase, but this is just the beginning and not the end of this round of market.
Yesterday, BTC strongly pulled out a large bullish candle, and today it continued the momentum, directly surging to above 100,000. It is currently trading between 103,000 and 106,000 USD. According to the current trend, this round of BTC's performance is basically close to the expected target.
However, it is not recommended to short BTC at this position, as there is still room above. When judging BTC, do not turn bullish just because it has risen or bearish just because it has fallen. The best strategy right now is not to blindly predict the direction but to observe market structure and pay attention to ETH's performance.
Focus point: ETH's rebound drives liquidity and market heat
Today, ETH successfully made up for the rise and broke through 2200 USD, which is itself a positive signal. From the current daily structure, as long as it can close above 2200 USD today, the subsequent projected target range of 2600–2800 USD still has a strong possibility of being realized.
At the same time, while some altcoins have shown good gains, overall, they have not completely opened up upward space. Continue to hold your coins and maintain faith; the altcoin market is still building momentum, especially since SUI is nearing this round's target, while DOGE and SOL have yet to start, showing weaker gains but still possessing potential for catching up.
Today's highlights: BTC trend analysis
BTC has currently broken through the 100,000 mark, reaching a high of 104,300 USD.
Key positions to pay attention to currently are as follows:
Support level: around 100,800 USD
Upper resistance area: 106,000–108,000 USD
Next, we need to observe whether there will be a continued surge tonight, testing the resistance range of 106,000–108,000. If the upward momentum is insufficient, this range may become a short-term pullback point.
ETH trend analysis
ETH is currently making up for the rise as expected, but this time the altcoin linkage effect is not strong, with overall performance being average. It has risen for two consecutive days and successfully broken through 2200 USD, but compared to previous highs, the current price remains in the mid-low range.
From a structural perspective, ETH's support level can be observed in the range of 1960–2000 USD, which was the first phase target.
In the short term, focus on the strong support level of 2000 USD; as long as it holds above 2200 USD, the upper space will further open up, targeting 2600–2800 USD.
First resistance level: 2280–2360 USD
As always, hold on to your chips and don't get shaken out easily. The rebound market is still on the way, and the subsequent performance is worth looking forward to.
