Currently, BTC is still facing significant resistance above the 60 and 120 moving averages on the 4-hour chart. The big coin reached a new high above 995 this morning with a second wave, and the structure can be considered complete but may continue to new highs. The support below is at 980 as a defense; if it breaks 980, reduce positions and watch for sideways fluctuations.
According to the strict structure for ETH, it has not yet reached a new high in the second wave, and it may dip further. The support is near 3430 (5-day moving average) below. The 4-hour chart has currently broken below the 5/10 moving averages; if it cannot recover by noon, it may seek support around the middle track at 3400. Again, watch for sideways fluctuations.
For altcoins, it feels like we are in a bit of a final phase. Let's see if Ethereum can dip further, with 3400 as support. Try to take small long positions at lower levels and wait for a trend change, just in case.
