Market review: last night's live broadcast was very clear. Right after the broadcast, ETH broke directly through 3800. Recently, the overall rise of altcoins has been quite good, while Bitcoin broke 100,000 USD today, which will directly ignite the market and lead to a surge in market sentiment. However, altcoins are instead declining. Last night's broadcast clearly indicated that when Bitcoin rises, Ethereum will be weak, with a large amount of funds being drained by Bitcoin, causing the overall weakness of altcoins. Bitcoin also directly broke through 3900 today, performing a quick pullback, consistent with what was discussed in yesterday's broadcast. In the short term, focus on the 4000 level for ETH; breaking this level would be the time for the overall explosion of altcoins. Currently, many altcoins haven't officially gained momentum, and there is still plenty of room for growth. The key is that if you can grasp this wave of market, you can make money with your eyes closed.
BTC broke through 100,000 USD today. I mentioned in yesterday's live broadcast that Bitcoin would soon break 100,000 USD. Breaking through 100,000 marks a new beginning and will only benefit the future market. With Bitcoin breaking through, overall funds will be drained, making altcoins relatively weaker. The current market still depends on Ethereum's overall trend for altcoins to perform. Many people think that since Bitcoin broke 100,000 and altcoins aren't rising, it's because they don't understand the logic behind the impact of breaking 100,000 on the current market.
Yesterday, ETH broke through 3800 and directly peaked at 3880. Today, the highest point broke 3900 for a quick pullback, which has been anticipated. Currently, the overall performance of Ethereum on the four-hour chart shows a slightly weak trend at high levels. There will be fluctuations and adjustments throughout the day, with a lot of funds being drained by Bitcoin. Pay attention to the support level around 3750 today; the spike may deviate by 30-50 USD. The resistance level to focus on today is 3900.
