BTC: On the daily level, it pierced downwards yesterday, forming a long upper shadow doji bullish candlestick, and continued to rise in the early morning, reaching a new minor high. According to the market's usual patterns, after reaching a new high, it should quickly and significantly rise, and should not retract to give investors a chance to enter. However, the actual situation is a slow retraction, which is likely a trap to entice buyers.

The specific judgment needs to be based on today's price fluctuations and closing position. If the closing position is below 90000, then this trend clearly has problems. From the 4-hour chart, during the entire upward process, once the market shows signs of turning back in the phase of adjustment, it usually breaks through new highs again and immediately rises sharply. However, after reaching a new high last night, it began to retract.

From the recent market trends, the lows are concentrated around the 90000 mark, which can serve as a reference point for recent market turning points. It is recommended to be as conservative as possible in today's operations, with key attention to the resistance at the 92400 - 93400 positions above and the support at the 90000 mark below.

ETH: The overall trend is relatively weak. After breaking through 3200 yesterday, it began to fall back, and the retracement space is considerable. On the daily level, it has twice virtually broken 3200 points, forming a double top pattern, with the 7-day moving average continuing to extend downward, crossing below the 14-day moving average to form a dead cross downward. The K-line center of gravity has once again turned downward, and today it is crucial to focus on the defense situation at the 3000 point mark.

From the 4-hour chart, after the first wave of adjustment touched the 3000 mark, it had two rebounds that virtually broke 3200, currently forming an M-shaped pattern. In today's operations, key attention should be on the support at the 3040 - 3000 positions, with key resistance at the 3150 line above.

Altcoins: Most altcoins have experienced considerable retracement, with only a very few strong altcoins still in a high-level oscillation state. At this moment, it is not advisable to chase the rise; one should remain observant, waiting for the leading altcoin Ethereum to stabilize, or consider re-entering once the coins of interest have adjusted appropriately.

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