Market Review and Analysis
Yesterday, BTC's overall trend largely met expectations, rebounding strongly after a pullback to near support throughout the day. From midnight to morning, BTC surged quickly, returning directly to the 98000 line. The previously given support range was 93000-96000, while yesterday's intraday low was exactly around 93400, followed by a rapid rebound, with an overall increase of nearly 5000 USD, representing a clear strong upward trend.
However, it is worth noting that other mainstream coins performed relatively weakly, especially ETH, which had a significantly lower increase than BTC. ETH's lowest yesterday touched 1752, almost coinciding with the support near 1760. Although there was a synchronized rebound, the strength was relatively weak. According to BTC's trend, ETH should currently be running above 1920 up to the 1960-2000 range, but in reality, it only reached around 1850, leaving a significant gap from the target.
Overall, ETH's current rebound is not independently driven but passively follows BTC, so the overall market has not seen a comprehensive rebound. In the short term, whether ETH can break through the resistance area with volume may determine whether the market enters a new round of upward momentum.
Today's Highlights
BTC has reached the key resistance level near 98000 today, and has not yet effectively broken through, indicating that the upper space is not fully open. Besides BTC's still strong trend, other coins remain in a wait-and-see or weak adjustment phase, and the rebound market has not yet started.
Key levels to watch for intraday small corrections:
First support range: 94000-95000;
If it does not drop below 95600, it is expected to challenge 98000 again and stabilize in the 98000-100000 range;
If it drops below 95600, caution is needed for a potential pullback, or a retest of the 94000 or even 93000-94000 range. Today's volatility may be large, so flexible responses are recommended.
ETH Market Trend
From the four-hour level, ETH stabilized at support near 1760 yesterday and rebounded slightly, but began to pull back before reaching the upper resistance, remaining overall weak. This rebound is mainly driven by BTC and not a result of ETH's own volume attack, so it cannot yet be seen as a signal of market strengthening.
Intraday support to focus on the 1780-1800 range, provided BTC does not drop below 95600;
Upper resistance remains unchanged: first resistance in the 1880-1920 range, target resistance in the 1960-2000 range.
Today's focus is on whether ETH can rebound in the afternoon or evening session, boosting market activity.
Altcoins to watch
S, DOGE, and SOL can be continuously tracked, especially SUI.
Yesterday, SUI's lowest touched 3.13, very close to the previously key infiltration area near 3.0. Currently, SUI still has not formed an independent market, and its trend basically follows BTC and ETH.
Operation suggestions remain unchanged:
Range of 3.0-3.2 can continue to try short-term layouts;
If it drops below 2.8, it is recommended to stop loss to avoid enlarging risks;
If it subsequently breaks through 3.8 and stabilizes, it is expected to challenge the 4.0-4.5 range, with a short-term potential profit of 30%-50%.
