Cryptocurrency Market Analysis Today

📊📌 Market Overview

BTC: Current price $103,300, technical indicators are weak, bears are dominant, key support at $102,300, if it breaks, it may drop to $100,600.

ETH: Current price $2,420, short-term support at $2,360, if it fails to hold, it may fall to $2,300, after being oversold, there may be a rebound demand.

Market Sentiment: Weakly fluctuating, institutional funds are flowing out in the short term, but long-term holders are still increasing their BTC holdings.

📈 Key Levels for BTC

Support Level: $102,300 → $100,600 (Strong Support)

Resistance Level: $105,500 (If broken, bullish to $108,000)

Short-term Strategy:

Long Position: If it stabilizes above $102,300, enter a small long position, stop loss at $101,800, target $104,000.

Short Position: If it breaks below $102,300, enter a short position, stop loss at $103,000, target $100,600.

📉 Key Levels for ETH

Support Level: $2,360 → $2,300

Resistance Level: $2,450 → $2,580 (If broken, bullish)

Short-term Strategy:

Long Position: If it holds above $2,360, can buy at a low price, stop loss at $2,330, target $2,450.

Short Position: If it rebounds to $2,450 and meets resistance, can short, stop loss at $2,500, target $2,360.

🔥 Today’s Focus

Federal Reserve Policy Expectations: If it signals a rate cut, it may boost the market.

Options Expiration Impact: Today's expiry of BTC and ETH options may exacerbate volatility.

On-chain Data: Large BTC transfers to cold wallets, a long-term bullish signal.

🚨 Risk Warning

Leverage Caution: Market fluctuations, avoid high leverage.

Strict Stop Loss: Single trade stop loss ≤20%, to prevent extreme market conditions.

Control Position Size: Short-term positions not exceeding 10% of total funds.

📢 Summary: Short-term fluctuations are expected, focus on key support/resistance breakouts, cautious investors may wait and watch for trend confirmation!