Today's Cryptocurrency Market Analysis

Today, the cryptocurrency market presents a fluctuating and differentiated pattern. Bitcoin (BTC) has slightly rebounded to around $104,930, with a 24-hour increase of 0.65%, but the technical indicators still show weakness.

The MACD indicator indicates that bearish strength continues to strengthen, and the MA10 moving average shows significant resistance. In the short term, we need to pay attention to whether the support level of $102,000 can hold. If it falls below this level, it may trigger further corrections to $97,600; if it rebounds and breaks through $105,000, it is likely to test the resistance level of $112,000 again.

Ethereum (ETH) is following the market fluctuations, priced at $2,522, with an intra-day increase of 0.91% and a trading volume of $74.79 million. SOLANA (SOL) has risen counter to the trend by 3.19%, priced at $148.1, benefiting from expectations regarding the expansion of its high-throughput public chain ecosystem. The meme coin sector is active, with PEPE coin seeing an intra-day increase of over 3%, and trading volume surpassing $1.5 billion, showing clear signs of inflows from large investors, though caution is warranted regarding short-term overheating risks.

Market sentiment is influenced by two factors: first, Coinbase's plan to launch tokenized stock services, which, if approved by the SEC, could promote the integration of cryptocurrency and traditional finance; second, the Trump administration's proposal to impose a 100% tariff on Chinese electric vehicles, triggering safe-haven demand due to geopolitical risks. Additionally, the recovery of the Solana ecosystem and the presale of the NeoPepe protocol have become market focal points, indicating a preference for high-growth projects.

Overall, the market is in a stage of competition between favorable macro policies and technical adjustments. Bitcoin's dominant position remains solid (with a market share of 63.7%), but the activity of altcoins is increasing. Investors need to balance their risk preferences and pay attention to policy trends and signals of technical breakthroughs.