Mlion.AI Market Analysis

#BTC The recent market is facing a directional choice, with significant fluctuations and consolidation recently, but ETF inflow data continues to improve, showing no obvious signs of correction, and maintaining a positive trend. In the latest update, BTC has refreshed its historical high, ending more than two months of fluctuations, indicating that the current breakthrough momentum is strong, and the $130,000 mark is not far away.

#ETH Ethereum's structure is relatively clear, performing better than BTC recently, testing and breaking through horizontal resistance in the early morning, maintaining strength, with its price increase among the top cryptocurrencies. The current recommendation is to focus on going long, as the market may continue to challenge higher price levels, with targets starting with 3 still having reasonable expectations.

#BTC The weekly structure has not broken, and overall it is still in the accumulation stage before the launch.

The 4-hour level is short-term overbought, and a slight consolidation is expected, but the overall upward trend is clear.

Key Focus Points

Today, it is recommended to pay close attention to trading volume to assess whether the upward momentum is strengthening.

On the macro front, continuous attention should be paid to the Federal Reserve's interest rate cut process.

Technical Range

Upper resistance level: 112000-113000

Lower support level: 110500-109500

Operational Suggestions

Today, focus on volume changes, as a continuation of the upward trend is likely after consolidation.

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