#BTC再创新高
Today's Market Analysis Focus: BTC (Bitcoin)
The current market sentiment for Bitcoin remains stable, although there has been some price volatility, the overall upward momentum has weakened.
The market shows repeated fluctuations, especially with increased risks in contract trading, so it is recommended to temporarily avoid participating in contract trading.
Frequent spike patterns in the market make it easy for both bulls and bears to experience reverse fluctuations, so it is crucial to remain cautious.
Support Level: The support range for Bitcoin is between $102,000 and $98,000, and investors should pay attention to price fluctuations within this range.
ETH (Ethereum) and Altcoin Market:
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After breaking the new high for the year, Ethereum's rise has been relatively weak, with no significant upward signs yet.
Yesterday's candlestick formed a long upper shadow, and today there is a slight pullback. The key moving forward is whether it can repair yesterday's upper shadow.
Technical Analysis: The current price of Ethereum is close to $4,000, at a critical point in the double top structure.
If Ethereum can successfully repair and break through this structure, it may open up new upward space.
There may be a pullback in the short term, but once the double top is broken, the subsequent upward space will greatly expand.
Operational Suggestions:
The trend of altcoins will closely follow Ethereum's rise, so there may also be opportunities for altcoins to rise during ETH's upward movement.
It is recommended to set a reasonable increase target of 50%-100%. Once reached, take profit in a timely manner and exit in batches to avoid blindly chasing highs.
For long-term investors, it is advised to hold a larger position in a few coins that are viewed positively in the long run, while maintaining flexible operations in other coins, and not concentrating positions in a single asset.
Currently, the market is in a stage of alternating pullbacks and repairs, so it is recommended to respond flexibly during operations and constantly adjust strategies to adapt to market changes.
