Review of the Overall Market
BTC: From the four-hour perspective, Bitcoin has rebounded multiple times near 115200 for several consecutive days, showing a clear weakening trend, and is being suppressed by the EMA50 moving average. Although there may be a chance to break through in the short term, the upper space is already limited. Traders can consider placing orders below this level. In yesterday's analysis, Bitcoin indicated a key defense around 112500, and the lowest point of the night at 112582 was also a perfect defense. The experience order given yesterday was also perfectly exited at the lowest point around 112600. Tonight, the old vine emphasized multiple times that tariffs will land for the third time. The previous announcements have caused significant fluctuations, and tonight is expected to be another unstable night. However, our trend remains unchanged; as long as there is no further delay, we will continue to adopt a high-short trading strategy. Traders are advised to place the first position order around 114900 and the second position order around 116400 to prevent large fluctuations by placing orders a bit further away. The first target is 112500, and the second target is around 110900.
ETH: Ethereum has been noticeably stronger than Bitcoin in recent days. After a surge a few days ago, it has been in a high-level consolidation. Since the approval of Ethereum's ETF, it seems that the market has changed, transitioning from being controlled by the foundation to a stock-coin integration. The nightly trend closely resembles that of the US stock market, and we can see the future direction of altcoins in the crypto space shifting from storytelling to institutional endorsement, fundamentally aligning with the stock market. To get back on track, our overall direction remains high-short dominant. Traders can consider placing the first position order around 3650 and the second position order around 3720. The first target is 3470, and the second target is around 3320.
