BTC is as solid as a rock, ETH aims for a historical high — Breakthrough or pressure drop?

Today's Market Analysis

The key resistance level for BTC remains around 120,000. If it breaks through with volume and stabilizes, it will open up upward space to 122,000-123,000. If it faces pressure and falls back at this position, pay attention to the support range of 118,000-116,000 below.

Pay close attention to ETH's strong performance, which may drive BTC to catch up. The operating suggestion is to manage positions well and strictly implement profit-taking and stop-loss measures.

ETH has surged from yesterday's low near 4,200 to 4,682, with a daily increase of nearly 500, showing extremely strong momentum.

Today, pay attention to 4,770 and the historical high of 4,877 above. Once broken without resistance, creating a historical new high is almost a certainty.

For smaller time frames, the support below is at 4,560. If it breaks and stabilizes below, it may enter a short-term downward channel, with support looking down to 4,370.

Given the rapid increase currently, the risk of chasing long positions is high. It is recommended to watch for a pullback or stabilization signal before re-entering. #主流币轮动上涨 #ETH突破4600 #机构疯抢以太坊 #CPI数据来袭