Market analysis:

Yesterday, BTC successfully ended the callback phase and started a new round of rising market. Its price reached 99,000 at its highest. The increase this time was far beyond previous expectations. It is expected that it will experience a slight correction and then continue to rise. During this period, it is necessary to focus on the key support level of 94,900. Overall, BTC is likely to show a volatile trend during the day.

At the same time, the performance of the second cake is stronger and has now broken through the price of 3,700. From the technical indicators, its 4-hour line golden cross has been formed, indicating that the current trend is relatively stable and healthy. Pay attention to the 3,500 support level during the day. It is expected that the upward trend will continue after a short adjustment, and it is expected to further hit the target of 4,000.

In terms of altcoins, most of them show a trend of rising synchronously with ETH. Many currencies have gained a certain increase, especially the currencies under the ETH ecosystem have a significant trend of compensating for the increase.

It is worth mentioning that BNB is currently in the stage of being available for layout. Because it has not really started the compensatory market, there may be great potential and opportunities in the future. Investors can pay close attention to its price dynamics and seize the opportunity to enter the market in time.