Market review:
Yesterday's highest for the first: 117543, lowest 114640, fluctuation of 2903 points; Yesterday's highest for the second: 4481, lowest: 4225, fluctuation of 256 points; Yesterday was Monday.
BTC's daily line closed with a 'golden needle half-red' pattern. After a rebound to the 117 position in the early morning, it fell again, the rebound strength was below expectations, and it is highly likely to enter a consolidation range in the short term. Although the daily line closed at 116, it has not completely broken below that daily support, but the rapid decline after the early morning rebound reflects the current market momentum is weak. ETH also performed weakly, closing at 4345 USD yesterday, failing to hold the key level at 4350 USD. After breaking below 4350 during the day, it dropped to around 4200 USD and then rebounded, but the rebound strength was limited — the highest only reached 4390 USD in the early morning, and it didn't even test the 4400 USD mark, indicating a clear lack of overall rebound momentum. In terms of altcoins, they are still constrained by a lack of liquidity: when ETH (the second coin) was rising, altcoins were sluggish; now with BTC and ETH retracing at high levels, the performance of altcoins appears even weaker. However, due to insufficient liquidity, although altcoins are falling simultaneously, the decline is relatively controllable, generally maintaining a proportional drop to BTC and ETH, with some coins even declining less than ETH. This 'weak following' trend is essentially caused by the lack of liquidity leading to a sluggish market.
Today's Tuesday highlights:
BTC
BTC showed weak performance with a rebound in the early morning, especially with two consecutive upper wicks touching the 117 level on the four-hour chart. This time, the four-hour level showed weakness in the upward movement, directly starting a pullback. Based on this situation, today's intraday level is likely to decline further, with attention on the points where the closing line needs to look at yesterday's low point. If two consecutive four-hour candles close in the red, then the key support level to watch for the intraday level is between 113-114 for a potential rebound. The resistance level above will depend on where it touches first. If the intraday level touches the support at the 113-114 range and then rebounds, the resistance point above will be established in the 116-118 range. If the intraday low does not break below the 1145 position and shows signs of a rebound, the focus should still be on the fluctuation range of 118-119.
ETH
The ETH market looks weak with percentage declines, but it is necessary to consider that the recent performance of the second coin has been strong, so this level of pullback is within a normal range, especially from the high point down to now, totaling a 600-point pullback. Therefore, the overall daily defensive support level is in the 4000-4200 range. The four-hour level is declining, and attention should be paid to this support defense position at the intraday level, with a precise focus on the support near 4150. The intraday level should first look at the support defense and then the strength of the rebound. Currently, the trend is a downward market, and the market is weak, so those trading contracts should note what was mentioned in the video yesterday.
Altcoins
Regarding the overall trend of altcoins, the core logic remains unchanged: the current market is weakening, compounded by a lack of liquidity and insufficient capital entering, directly leading to the current sluggish state of altcoins. In other words, the market is not as optimistic as some expected; at least from my perspective, the 'altcoin season' has not yet arrived, nor are there signs of its arrival. Currently, altcoins lack sector effects and hot spot driving, making it naturally difficult to show strength; however, phase-specific trading opportunities can still be grasped.
If there are any ambushes or attention plans recently, the core focus is recommended to be on the trends of LINK, ENA, and SOL, where opportunities can be tracked closely.
Points we need to pay attention to regarding current operations
First factor: Seek stability
You can earn a little less, because you can't earn all the money, but you can lose it all. Choosing coins is the same; seek victory steadily, one step at a time!
Second factor: Strong recovery
Ethereum has risen from the bottom in recent months. However, many altcoins are still at low points. The market is like a battlefield; volatility is the norm. Only by being steady and strong can one laugh until the end!
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