Market Analysis Today

$BTC once again failed to break through $120,000 and is currently in a period of consolidation. The market's capital has now shifted to Ethereum, so it's not surprising that BTC is performing weakly. There may be a wave of adjustment in the short term, and the support area between 114,000 and 116,000 is worth paying attention to; if it reaches that level, it could be a good buying opportunity.

$ETH Although there are some bearish news weighing down, the likelihood of a significant drop in the short term is low. However, it remains to be seen whether it can continue to lead the way stronger and whether capital will flow back into BTC or altcoins. The support below is in the range of 3550-3600, and if it drops to that level, it still represents a good buying point.

Altcoins are also likely to enter an adjustment phase; those that have risen significantly recently should be especially cautious about using too much leverage, especially when buying on the rise, to avoid being liquidated if the market corrects slightly without much drop in the coins. Overall, the trend of altcoin rotation is still present, and necessary panic should be managed.