12.3 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights for Today

Market Review

Yesterday, BTC continued to rise after a slight adjustment, with the pullback exceeding expectations. Currently, the 4-hour level remains healthy, and the K-line trend is stable. Today, we should pay attention to the support range of 94,500-95,000. After consolidation, there is hope for continued upward movement. Currently, resistance at 97,000-98,000 is relatively high, and a breakthrough requires favorable news. Next, focus on Friday's non-farm payroll data and the fundamental information regarding Microsoft's entry. The second-tier coins are following BTC for synchronous adjustment and remain healthy in trend, with expectations of continued gains today, testing resistance above 3,700. Altcoins are following ETH for synchronous consolidation, with most coins recovering yesterday's losses. ETH's affiliated coins have performed well. SATS should be held patiently, and considering clearing at around 50. PEOPLE has shown some recovery; many have exited, but it might be worth continuing to hold. FTM can begin to reduce holdings. Today, the RAW track coins have all seen an increase, POLYX is worth paying attention to, showing signs of volume increase at the 4-hour level, signaling a potential entry around 0.4. This coin can be held long-term with low risk. ACT was advised to reduce positions last week; the remaining positions can be held.

Today's Highlights:

BTC: The 1-hour and 4-hour levels have returned to healthy levels, and the daily level is above healthy levels. Expect consolidation today, and the macro trend has not weakened. Today’s support is at 94,500-95,000, with resistance at 97,000-98,000 above.

ETH: The 1-hour and 4-hour levels remain healthy, and the daily level is above healthy levels. Expect further gains today, with support at 3,570-3,620 and resistance at 3,720-3,770 above.