#BTC资金流动性 $ETH and $BTC new weekly market trends are emerging, with bulls and bears starting to face off.
Last week's rebound accuracy was quite on point. Bitcoin and Ethereum both hit key support levels. This week, the focus will be on whether a technical rebound can be constructed.
Bitcoin here has 90000 as a hurdle that cannot be avoided. The current price of 89627 is already close. The ideal scenario should be to break through 90000 and continue to push towards 91000. If it holds above 90000 during a pullback, the rebound can truly gain a foothold. Below, 88000 must not break. If this level is broken, the subsequent space will look relatively bleak.
Ether's performance has been more intense, directly breaking through the resistance at 3050. It is currently around 3060, in sync with Bitcoin. The next target is 3160, but the prerequisite is that it must not break below 3050 on a pullback; otherwise, 2970 will become the last line of defense. If even this cannot be held, then it should be considered to avoid.
Regarding altcoins, I have to vent. Projects like $LIGHT often represent a phenomenon where the top is only confirmed after the big players unload their assets. Retail investors chasing high prices are essentially handing money to the main players. Last year, several heavily controlled altcoins were later halved in value. The lesson is that altcoins only follow the leaders; even if miscellaneous coins are cheap, don't touch them.
The key this week is to hold the key support and watch the height of the rebound.
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BlockDetective
· 6h ago
If we can't break through this level of 90000, it feels like we are going to repeat last year's old script...
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MEVHunterWang
· 6h ago
90000 is really a threshold, it looks good once you break through it, otherwise, you'll have to go through a lot of trouble again.
#BTC资金流动性 $ETH and $BTC new weekly market trends are emerging, with bulls and bears starting to face off.
Last week's rebound accuracy was quite on point. Bitcoin and Ethereum both hit key support levels. This week, the focus will be on whether a technical rebound can be constructed.
Bitcoin here has 90000 as a hurdle that cannot be avoided. The current price of 89627 is already close. The ideal scenario should be to break through 90000 and continue to push towards 91000. If it holds above 90000 during a pullback, the rebound can truly gain a foothold. Below, 88000 must not break. If this level is broken, the subsequent space will look relatively bleak.
Ether's performance has been more intense, directly breaking through the resistance at 3050. It is currently around 3060, in sync with Bitcoin. The next target is 3160, but the prerequisite is that it must not break below 3050 on a pullback; otherwise, 2970 will become the last line of defense. If even this cannot be held, then it should be considered to avoid.
Regarding altcoins, I have to vent. Projects like $LIGHT often represent a phenomenon where the top is only confirmed after the big players unload their assets. Retail investors chasing high prices are essentially handing money to the main players. Last year, several heavily controlled altcoins were later halved in value. The lesson is that altcoins only follow the leaders; even if miscellaneous coins are cheap, don't touch them.
The key this week is to hold the key support and watch the height of the rebound.