BTC & ETH Market Analysis and Trading Strategies

Bitcoin (BTC)

On the daily chart, BTC is in a phase of adjustment before reaching a new high, with significant support at the 103 level. However, the 7-day moving average has once again pierced the 30-day moving average, forming a death cross. Today's closing is particularly crucial: if it closes with a lower shadow and a bullish candle, there is still a possibility of short-term strength, with the upper breakout point at the 107 level; if it breaks below the 30-day moving average support, the 103 level may be lost, and attention should be paid to defending the 95 level below. The 4-hour chart shows that the short cycle is in a correction state, with a rebound after hitting around 104 during US market hours. For intraday operations, the upper pressure should focus on the 106-107 area, while the lower support should pay close attention to the 104-103 level.

Ethereum (ETH)

ETH has shown three consecutive bullish candles on the daily chart, continuing to strengthen after testing the support below, and is overall in an upward trend. If BTC effectively defends the 103 level, ETH is expected to continue to strengthen. From the 4-hour chart, ETH has been oscillating at high levels for nearly twenty days, with bottom support forming at the 2480 level below, and a phased support built at the 2580-2600 level over the past three days. For intraday operations, the lower support should focus on the 2580-2600 area, while the upper pressure should pay close attention to the 2680-2700 level.

Altcoin Market

Currently, market liquidity is clearly leaning towards safe assets like BTC/ETH. If BTC breaks below the 103 level of support, altcoins may face greater downside potential. Strict risk control is required in operations, with the allowable space for capturing phase market fluctuations being controlled within 10%.