Fundamentals:
1. LIDO publishes a framework for the Ethereum auxiliary proposer mechanism, which is beneficial for adapting to Ethereum's continuously evolving framework and strengthening investors' confidence in tokens.
2. The US SEC delays the decision on the Solana ETF application.
3. New York Federal Reserve President Williams: Inflation has been slowly and gradually declining.
Technical Analysis:
BTC: Daily level saw a downward probe to the 102 position yesterday; smaller timeframes indicate multiple probes without breaking. During the evening US session, it began to rise again, reaching near the previous day's high. The daily candle formed a small bearish candle with a long lower shadow, maintaining an overall trend of oscillating upward. The candlestick is still within an upward channel and has repaired the gap caused by the rapid rise at the beginning of the month through oscillation adjustments. On the 4-hour chart, after probing the 102 position, the price began to rise sharply again, approaching the previous day's high. Currently, the 4-hour line shows a retracement after a pin bar, with significant resistance above. For daily operations, focus on support at the 105-104 level below, and key attention on the 1065-1075 range above. Recently, Bitcoin has been oscillating at a high level; operations should be conservative with strict point requirements!
ETH: Daily level, after two consecutive days of significant downward pin bars resulting in a typical 'hammer' bullish candle, the washout pressure is very high. Last week, I mentioned that the bottom position for Ethereum's phased adjustment is between 2350 and 2280; the specific position needs to be confirmed by subsequent market testing. In the past two days, the lower bottom line has concentrated around the 2350 position, consistent with what I recently mentioned about Ethereum's phased adjustment bottom at 2350. Daily double pin bottoming results in a bullish candle, and the technical aspect has repaired the gap between the candlestick and the 14-day moving average caused by the significant rise at the beginning of the month. Three consecutive daily bullish candles have shifted the candlestick's focus upwards, indicating that the daily trend is beginning to turn. On the 4-hour line, there was a quick rebound after first probing the 2350 level yesterday morning, and during the Asian session, there was a second probe, starting a healthy slow upward trend from the 2350 position. For daily operations, focus on support at the 2510-2480 level below, with the upper target first at 2600, then at 2650.
Altcoins: The overall decline of altcoins yesterday was substantial, with most altcoins dropping around 10%. I mentioned yesterday that some positions were starting to enter the market; most altcoins have now recovered their losses from yesterday, and the overall market situation is completely in line with expectations. The L2 expansion plans and the modular sector, including OP, ARB, and zk, have risen nearly 10% from yesterday's prolonged low point. The staking sector has performed relatively strongly, with ETHFI and JTO leading the way, while the LDO market has not yet started; it can be a key focus!
