Today's Market Analysis Share
The current cryptocurrency market presents a differentiated pattern, with BTC and ETH showing short-term adjustment pressure on the technical front, while the altcoin sector is experiencing active rotation.
BTC's daily line has broken below the 7-day and 14-day moving averages as well as the upward trend line, with short-term support shifting down to the 1030 level. The upper range of 1085-1095 forms strong resistance, and caution is needed for a rebound to the 7-day moving average before continuing the downward trend. It is advisable to focus on short positions, paying attention to the support strength in the 1065-1055 range.
Although ETH has broken through recent highs, the end of the monthly line is approaching, with significant selling pressure in the 2850-3050 range, and the bearish technical outlook for BTC may create a cascading effect. It is recommended to avoid chasing highs during the day, with a key focus on the 2770-2800 pressure zone. If blocked, a light short position can be attempted, with support in the 2720-2680 range, and after stabilization, short-term opportunities may arise.
In terms of altcoins, LDO and other staking sectors lead the charge, with the rotation effect of the sector strengthening, but overall liquidity is still insufficient to support a comprehensive altcoin season. Leading coins like OP and ARB have seen year-on-year increases, and JTO may have potential for a rebound after adjustment, allowing for selective investment in hot sector coins. Caution is needed regarding the correlation risk of BTC adjustments on altcoins, and it is advisable to control positions and seize structural opportunities.
In summary, the market may maintain a phase of oscillation and adjustment in the short term, with a focus on the technical pressures on BTC and ETH, and participation in the altcoin sector should be based on liquidity and hot rotations with a strict stop-loss to manage volatility risks.
