BTC market analysis

Bitcoin experienced a pullback yesterday as expected, dropping to around $103,300, perfectly validating our predictions. Currently, market focus is on the quarterly contracts and options expiration on the 27th, with both long and short sides forming a delicate balance around $105,000. From the chart, this price range has become a 'strategic buffer zone' for short-term longs and shorts, and it is expected that the market will continue to oscillate around this center before the expiration.

Today, a significant increase in volume was observed around $103,000 on the hourly chart, indicating that main funds are constructing a defense line at this position. Technical indicators show that the MACD on the four-hour level is about to form a golden cross, and the RSI has also rebounded from the oversold area, suggesting a potential technical rebound in the short term, targeting around $107,000.

ETH market analysis

Ethereum's performance yesterday was disappointing, failing to hold the critical level of $2,600 and being dragged down by Bitcoin. This phenomenon clearly indicates that under the current market environment, ETH is temporarily unable to break out into an independent trend. From a technical perspective, ETH has entered a wide oscillation range of $2,400-$2,700, and today the focus is on whether it can regain the psychological barrier of $2,600.

On-chain data shows that the current ETH contract open interest continues to rise, nearing historical highs, indicating that there may be significant volatility before the expiration date. Investors are advised to adopt a range trading strategy, gradually building positions around $2,400 and considering partial profit-taking above $2,700. It is especially important to be alert, as if BTC continues to pull back, ETH is likely to test the key support at $2,350.

Current state of the altcoin market

Secondary market: Risks continue to be released

The current altcoin market shows systemic weakening characteristics, with most coins having fallen below key support levels. Among them, Meme coins and AI sectors are particularly weak, with most projects exhibiting standard bearish formations, and technical indicators suggest there is still room for downside.

Primary market: Liquidity crisis intensifying

After the ZKJ incident, the primary market has fallen into a deep freeze: trading volume on the Alpha platform has plummeted nearly 70%, project valuation systems are in disarray, FDV is generally overstated, regular investors' participation enthusiasm has sharply declined, and 'yield farming' returns are difficult to cover gas costs.

Which tokens can we focus on recently?

Pay attention to $CYBER , $BCH , $HAEDAL , #SPK🔥 , #FORTH , and set up the layout with the '点点冉冉' avatar!