This week's and today's market focus: BTC (Bitcoin)

Bitcoin's recent market performance has been relatively stable, consuming excessive attention, and the key point is whether Ethereum (ETH) can drive market activity and the performance of altcoins.

Based on the current trend, BTC has repeatedly shown pinning behavior on the four-hour chart, with key attention to the support strength in the 97000-100000 range during the day.

ETH (Ethereum)

Four-hour level: Ethereum's trend remains in sync with Bitcoin, showing pinning behavior during the upward movement.

Currently, the support on the four-hour chart is focused on the 3760-3800 range, with a clear protective line.

Daily level: The support level is in the 3600-3700 range, with a low probability of a short-term rise.

The key point going forward is whether ETH can break through the year's high; if successful, it will not only activate market sentiment but also drive the overall market upward, thereby pushing altcoins to rise collectively.

Altcoin Sector

Continuously monitor the following quality coins: AGLD TRB YGG AR PEOPLE

This week, key attention should be paid to ETH's breakthrough situation and the performance correlation of altcoins; market activity will be a key indicator!

I am long-term bearish; if you currently do not know how to position yourself, feel free to find me for discussion!