Market review
In terms of BTC, the overall trend over the weekend has been fluctuating, peaking around 105,000 without refreshing the previous high. Currently, the daily chart has shown six consecutive bullish days, and the selling pressure above has significantly eased, indicating that after this consolidation, there may still be another attempt to break upwards. If there is an increase in volume this week, it is expected to directly break through the 108,000 level, leading to a new round of upward momentum.
ETH has shown strong performance recently, with the catching-up trend basically realized. Last week it reached the 2,600 mark, and if volume continues this week, the target range can be seen at 2,600-2,800. If the market remains strong, it may even break the 2,800 mark, but also be cautious as it is nearing the high point of this phase, and the market may reach a clearing critical point, requiring consideration of risk control and position adjustments.
Altcoins are continuing to rise overall, with high market heat and obvious capital rotation. It is recommended to gradually realize profits from previous positions.
Today's market highlights
BTC's current trend is primarily small-scale fluctuations, which has given ETH and altcoins space for short-term performance. The main resistance area is still around 106,000-108,000. If it directly breaks 108,000, it can continue to look high to 110,000-113,000.
If it only touches between 106,000 and 108,000 and then falls back, the short-term support is at 102,500, while the strong support on the daily level is still near the 100,000 mark. Overall, this week still has upward potential, but attention should be paid to whether it is the 'tail release' of the market.
ETH's trend currently continues the trend of catching up. Regardless of the four-hour or daily structure, attention should be focused on the 2,600-2,800 range. If it can stabilize around 2,800, it will open up greater upward space. In terms of support, the short-term focus is on 2,420-2,460, and if that breaks, pay attention to the 2,280-2,320 range.
Altcoin market perspective
Most mainstream altcoins have reached their target range; it is recommended to take partial profits on some positions, while the remaining positions can wait for the market to release further and choose the right time to clear them all.
The current market has entered its final phase, managing positions and securing profits is the most critical step in dealing with volatility.
The bottom of this wave of the market has been torturous, but victory belongs to those who can endure. Remember: don’t impulsively increase positions due to rising prices, and don’t fall into panic due to pullbacks. The market is cyclical; only by following the rhythm and adjusting flexibly can true compound growth be achieved in the market.
