BTC is currently in a strong upward channel, with short-term volume breakout and a bullish moving average arrangement, indicating optimistic market sentiment. However, indicators such as RSI, TD, and SMI have entered the overbought zone. If there is no significant positive news to push BTC above the $100,000 mark, the current surge may turn into a trap for bullish investors.

The rise of ETH is more a result of following BTC and the US stock market, rather than a direct result of its recent upgrade. Although Ethereum has completed the Dencun upgrade (which improves network efficiency and reduces Layer 2 costs), the market reaction in the short term has been muted. The long-term significance of this upgrade is:

The staking limit for ETH has been increased from 32 to 2048, significantly lowering the operating threshold for institutions.

In the future, it is crucial to closely monitor the capital inflow into Ethereum ETFs. If institutional holdings significantly increase, the price of ETH may experience a new wave of explosion. #BTC突破99K