GMX was robbed of 40 million! Trump's tariffs + SEC postponement stir the market, BTC's new high raises doubts about a false breakout, ETH's breakout momentum remains to be observed, altcoins present both opportunities and risks.
Technical Analysis:
BTC: The daily line broke a new high yesterday, with the real bullish line slightly closing above 1105. The increase in volume is not very significant, which suggests a preliminary breakout, but it does not constitute a clear and effective breakout; it resembles a 'false breakout warning phase.' If the subsequent trading volume continues to rise and does not fall below the initial top volume level, and if the price can maintain two or three bullish lines, then it indicates a strong bullish structure, signaling the start of a new main upward trend. Considering the current macro environment, one should be cautious about the risk of 'bull trap.' The important defensive line for bulls is first at the 107 position. On the 4-hour line, after a surge of nearly 3000 points with increased volume in the early morning, it has entered a slow decline. This gradual decline with reduced volume indicates that the main force has not significantly offloaded, but the short-term lacks follow-up momentum, and external funds have not entered the market, making it difficult for bulls to continue breaking through. The main force may be testing the waters at high levels and observing, not quickly cashing out. We need to watch if there will be a second breakout with increased volume. For daily operations, focus on the resistance at the upper level between 1115-1125 for shorting and the support at the lower level between 1093-1103.
ETH: The daily line broke through the pressure at the 2650 line with increased volume yesterday, closing with a significant bullish line. This constitutes an effective breakout, and the overall momentum structure aligns with the logic of breakout, counterattack, and upward movement. There is still room for continued upward momentum in the short term, challenging the previous high at 2879. However, one should also be wary of the risk of Bitcoin's false bullish drop, which could lead to a pullback in Ethereum and altcoins. On the 4-hour line, after a surge of over 150 points with increased volume in the early morning, there were two consecutive 'high-position doji' candlesticks, indicating fierce tug-of-war between bulls and bears. If there is no breakout in the short term, it is easy to form a short-term head. The longer the high-level consolidation lasts, the more loose the chips become, and once it falls, the pullback space is considerable. Currently, it is in a high-rise stagnation adjustment phase, and the upward momentum is slowing down. In the short term, focus on whether to break through the two nodes of 2800 or 2750 to judge market trends. For daily operations, pay close attention to the support between 2750-2720 at the lower level and pressure between 2790-2820 at the upper level.
