This week's and today's market focus:
$BTC (Bitcoin)
-- The recent market for Bitcoin has been relatively stable, with market attention being quite concentrated. Currently, the key point is whether Ethereum (ETH) can lead market activity and the performance of altcoins.
-- According to the current trend, BTC has been experiencing frequent pin bar patterns on the four-hour level, with a focus on the support strength in the 97,000-100,000 range during the day.
$ETH (Ethereum)
-- Four-hour level: The trend of Ethereum is synchronized with Bitcoin, and pin bar patterns have also appeared during the upward process. The current four-hour support level is concentrated in the *3,760-3,800* range, with strong defensive strength.
-- Daily level: The support level is located in the *3,600-3,700* range, with limited upward space in the short term.
The key in the future is whether Ethereum can break through its yearly high. If it successfully breaks through, it will not only stimulate market sentiment but also push the overall market higher, further driving the collective increase of altcoins.
Continuously monitor the following quality coins: AGLD, TRB, YGG, AR, PEOPLE
This week will focus on observing ETH's breakout situation and the performance correlation of altcoins; market activity will become a key indicator in determining market trends!
