Today, Bitcoin (BTC) has once again set a new high, but Ethereum (ETH) has still not broken through 3220, showing relatively weak performance. Overall, the sentiment for altcoins to catch up has not fully started yet, and the current trend of second-tier coins (like ETH) remains weak. Altcoins are generally exhibiting a volatile consolidation with small fluctuations, and the market is relatively sluggish, making operations somewhat tedious. Therefore, it is advisable to remain cautious, control positions moderately, and it is not suitable to operate with full positions at this stage, suggesting that position control should be within 50% to respond flexibly to market fluctuations.
From Bitcoin's performance, although it has reached a new high today, it has not been able to break through the 96-98K range, with prices only oscillating around 94K. For Bitcoin, there isn't much to discuss regarding the current market; the key focus remains on the performance of second-tier coins and altcoins. The current market attention is on the trends of these coins, especially altcoins, where most investors are still holding positions waiting to break even. Recent position adjustments have generally gone smoothly; although some coins have not yet realized profits, there are also no significant losses, and the volatility is not large, remaining in a state of oscillation.
For Ethereum (ETH), the level of 3220 has still not been broken, with prices maintaining within a consolidation range. Previous analyses have also mentioned that after Bitcoin's new high, the breakout of second-tier coins remains not very optimistic, and market sentiment is cautious. For ETH, the current support level is in the range of 3000-3060, and if it falls below this level, special attention is needed. The pressure zone above 3220 needs to be broken to further rise towards 3400. If the altcoin market fails to follow through with a breakout, it is advisable to consider gradually reducing positions or going into cash, adjusting strategies, and patiently waiting for further direction from the market.
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