Morning Market Analysis: BTC/ETH Contract Trading Strategy
BTC: From the daily chart perspective, it is currently at the end of a "converging triangle". The support at 103 has served as the low point over the past month, and multiple tests have shown it to be effectively broken, indicating that buying activity remains strong. From the recent market environment, negative factors (escalating geopolitical conflict + the U.S. SEC delaying the approval of spot ETFs) dominate, making the possibility of a downward wedge more significant. If the defense at 103 is breached, the 95 level, as the starting point of the previous upward movement, will become the next major defense area. In recent days, the daily chart has shown a narrowing range with decreasing volume, maintaining a sluggish state, indicating a strong market wait-and-see sentiment. On the 4-hour chart, it has been fluctuating between the 1035-1055 range in recent days. For intraday operations, key attention should be paid to the pressure at the 1055-1065 level for short opportunities, while support rebound signals should be watched at the 1035-1025 level.
ETH: Overall daily trend, the K-line is tracking the downward 7-day moving average, while the support at the 2480 level, which has been the low point for the past month, is evident. Structurally, it is in a state of game at the end of a triangle convergence, with the price about to touch the support of the lower blue trend line, entering a technical "critical point". In terms of volume structure, the overall trend over the past ten days has shown a shrinking fluctuation structure, with rising volumes low and falling volumes high, indicating insufficient confidence from bulls and a more proactive stance from bears. On the 4-hour chart, it is fluctuating between the 2480-2540 range, and currently, there is basically no room for further adjustment; the market is about to make a choice, and the defense at the 2480 level is precarious. For intraday operations, key attention should be paid to the pressure at the 2540-2570 level, while support should be focused on the 2480-2450 level.
