BTC Technical Analysis:

The daily chart shows a second downturn trend, with the current key support level focused on the 116 price range. It is crucial to pay close attention to the effective breakthrough of this support level; only a substantial breakdown can confirm a trend reversal.

The four-hour cycle displays a sequence of consecutive bearish candles, with the latest showing an expanded bearish candle pattern. In this trading session, close observation of the 116 level's defense and attack situation is necessary. If it effectively breaks down, the intraday rebound momentum will significantly weaken; conversely, if it continues to receive support, one should be wary of the market constructing a rebound structure in the 118-119 resistance range before further declines.

ETH Market Performance

Compared to BTC, ETH has shown stronger resistance to decline. Yesterday, after testing the 3600 support area, the market rebounded quickly, with the 3500 level forming an important intraday support. Notably, the price retreated to 3500 after touching the 3660 resistance and then surged strongly to a high of 3770. The current technical indicators show that 3600 remains a critical watershed level on the daily chart.

Intraday trading should focus on the defense situation of the 3560-3600 support zone. If BTC effectively breaks the 116 support, one should be cautious of ETH following suit and breaking below the 3500 round number. The four-hour resistance range is located between 3660-3720, and whether the daily close can hold above 3600 will be an important barometer for the medium-term trend.

Altcoins:

The recent sharp pullback in altcoins does not constitute a buying signal; the current market liquidity risk still needs to be monitored. It is particularly important to emphasize that during trading, one must not only seize buying opportunities but also establish a comprehensive exit mechanism.

Most market participants often focus only on entry strategies, while scientific position management and profit and loss strategies are the key factors for sustained profitability. #以太坊交易量反超比特币