#加密市场反弹 Cryptocurrency Market Rebound: Momentum Analysis and Key Observation Points

Recently, the cryptocurrency market has experienced a phase rebound, with BTC reestablishing itself above $67,000 and ETH breaking through $3,500. This increase is driven by multiple factors: institutional funds continuously flowing in through ETFs, rising expectations for Federal Reserve interest rate cuts, and increased activity in some altcoin ecosystems. From a technical perspective, BTC has broken through key resistance levels, and if it can maintain its current range, it may open up new upward space.

It is worth noting that this rebound shows differentiated characteristics. Major cryptocurrencies have performed steadily, while some mid- and small-cap tokens have experienced significant volatility, reflecting ongoing divergence in market risk appetite. On-chain data shows that long-term holders' positions remain stable, but leverage in the derivatives market has risen, necessitating caution regarding short-term pullback risks.

For investors, the current stage recommendations are: 1) Pay attention to whether BTC/ETH can form higher low points to confirm the trend; 2) Track the impact of U.S. stock market volatility (VIX) on risk assets; 3) Focus on solid fundamental leading projects. Although market sentiment has warmed, macro uncertainties still exist, and maintaining rational position management remains key.