In the daily chart, BTC has continuously shown small bullish candlestick patterns, with the K-line steadily relying on moving averages and gradually pushing upwards. The overall market shows a solid upward trend. Before a significant bullish or bearish candlestick forms, the market has not released strong reversal signals, so there is no need to overly worry about the potential risks of prices being at high levels at this stage.
Switching to the 4-hour chart level, BTC is in an overall oscillating upward pattern. However, it is worth noting that during the upward process, its retracement adjustment can reach about 3000 points. Such a scale of retracement fluctuation undoubtedly means a large risk exposure for those holding long positions. Based on this, in terms of operations, investors need to be more meticulous and cautious in position planning to align with the characteristics of the current market.
Reserve at least 1500 points for averaging down, in order to minimize the possibility of losses due to abnormal price fluctuations (such as spike phenomena) while ensuring the safety of positions and effectively managing position risks. For intraday operations, focus on the key support area of 97200 - 95700 as a basis for bullish strategies.
ETH market analysis and intraday strategy
From the daily chart perspective, ETH has repeatedly tested the area around 3000 points and received support for rebounds. The prolonged bottom consolidation pattern lasting a week has finally been broken. Yesterday, it strongly pulled out a large bullish candlestick, breaking through the recent box top at 3200 points, and in the short term, the area around 3510 will face a noticeable selling pressure test.
Focusing on the 4-hour chart level, ETH is currently oscillating between 3300 and 3070. This phase can be seen as a technical correction process on the 4-hour chart. For intraday operations, the key is to closely monitor the support strength at the 3320 - 3280 position, using this as an important support benchmark to continue the bullish operational mindset.
Dynamics and opportunities in the altcoin market focus
With the strong rise of ETH yesterday, most altcoins successfully recovered the declines of the previous two days. Nevertheless, the overall altcoin market remains in a relatively weak pattern. Following the market rule that the strong stay strong, the meme sector has emerged first, with doge and pepe showing strong upward momentum, and MASK also welcoming a short-term investment opportunity.
Meanwhile, established mainstream coins have erupted again, such as the second bottoming trend of XRP mentioned in detail on Weibo, which has arrived as expected, surging 25% today and setting a new recent price high. Yesterday can be seen as the first signal of the market's counterattack, and investors have actively intervened, now waiting quietly for further developments in the market to flexibly respond to fluctuations and seize more potential profit opportunities.
