Today, the overall cryptocurrency market shows a certain degree of volatility and differentiation. In terms of Bitcoin, the price continues to oscillate at a high level near the 110,000 yuan mark, with a daily structure presenting a 'first suppress then rise' pattern. Over the weekend, it maintained a gentle upward rhythm, and today it attempts to break the historical high of 110,000 yuan again. In the future market, it is crucial to pay attention to whether it can break through with volume and open up a new round of upward space. If the breakthrough fails and enters an adjustment period, it will be necessary to wait for the price to test the bottom again and confirm the validity of the support level.
Regarding Ethereum, it is currently building support in the range of 2450 - 2520. After hitting a low of 2470 over the weekend, it rebounded along with Bitcoin, and the expectation for a price correction has increased. However, it is still in a phase of unclear direction, with technical indicators showing an increasing divergence between bulls and bears, and there is a risk of a high-level pullback in the short term.
The overall enthusiasm for altcoins remains relatively low, with market attention at a relatively low point. However, individual tokens are starting to show unusual movements, and during the consolidation phase of mainstream coins, they often have the potential to take the lead. Investors can take this opportunity to pay attention to high-quality targets and conduct screening. However, it is currently not an ideal entry point, and patience is needed to wait for the right market window.
From a macro perspective, changes in regulatory policies still have a significant impact on market sentiment and trends. Recently, for example, Ohio State in the United States passed the (Bitcoin Rights Bill), which clearly protects citizens' rights to hold and use crypto assets and establishes related capital gains tax exemption clauses. This series of measures has provided substantial support for Bitcoin prices.
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