#BTC再创新高
Today's Market Analysis Focus: BTC (Bitcoin)
The current market sentiment for Bitcoin remains stable. Although there have been some price fluctuations, the overall upward momentum has weakened.
The market is showing repeated volatility, especially with increased risks in contract trading, so it is advised to temporarily avoid participating in contract trading.
Frequent pin bar movements in the market make it easy for both bulls and bears to experience reverse fluctuations, making it especially important to remain cautious.
Support Level: The support range for Bitcoin is between $102,000 and $98,000. Investors should pay attention to price fluctuations within this range.
ETH (Ethereum) and Altcoin Market:
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After breaking through the new high for the year, Ethereum has increased but the momentum is relatively weak, and there are no significant signs of further increase yet.
Yesterday's candlestick formed a long upper shadow, and today it has slightly pulled back. The key going forward is whether it can repair yesterday's upper shadow.
Technical Analysis: The current price of Ethereum is close to $4000, located at the key point of a double top structure.
If Ethereum can successfully repair and break through this structure, it may open up new upward space.
There may be a pullback in the short term, but once it breaks through the double top, the subsequent upward space will greatly expand.
Operational Suggestions:
The trend of altcoins will closely follow Ethereum's rise, so during ETH's upward movement, altcoins may also see opportunities for increases.
It is recommended to set reasonable target increases of 50%-100%, and once reached, to take profits and exit in batches to avoid blindly chasing highs.
For long-term investors, it is advised to hold larger positions in a few long-term favored coins, while keeping other coins flexible in operations and not concentrating positions in a single asset.
Currently, the market is in a stage of alternating pullbacks and repairs, so it is advised to respond flexibly during operations and constantly adjust strategies to adapt to market changes.
