BTC:
Last Friday's expectation was that Bitcoin would hit a high of $87,000. Over the weekend, it reached a maximum of $86,000, and the overall trend was in line with expectations. This week is approaching the delivery date, and market volatility is expected to decrease, with prices likely consolidating in the $87,000-$83,000 range. From a technical perspective, a peak formation has appeared on the hourly chart, and a short-term pullback to the support level of $83,500 may occur.
ETH:
Last Friday's expectation was that Ethereum would test the resistance level of $2,050, and the trend was in line with expectations. Recently, ETH has been moving along the 5-day moving average, and the MA30 moving average has shifted downwards, forming strong resistance. Historical data shows that MA30 acts like a high-voltage line; once the price touches it, a pullback often follows. Therefore, it is crucial to focus on whether ETH can effectively break through the MA30 resistance: if successful, it indicates the end of the first quarter adjustment and the start of a new rebound; if it fails to break through, it may continue to decline.
Altcoins:
Over the weekend, the altcoin market did not show any significant trends. Market makers and project teams are observing the trend after the delivery, and it is advised to patiently wait for clearer trends.
BR Chain Analysis:
BR has recently performed well and has successfully broken through the downward trend line. If the price pulls back to the support level of $0.18, consider accumulating positions in batches.
Operational Suggestions:
Pay attention to the $83,500 support for Bitcoin, monitor the MA30 breakthrough for Ethereum;
Maintain a wait-and-see approach for altcoins, waiting for the market direction to clarify; BR can accumulate positions in batches around $0.18
