Recently, the crypto market has shown a rapid rebound momentum, with weak pullbacks after rising from low levels, and the market is displaying a clear upward Relay pattern with significant strong characteristics. In the early hours of today, the market continued its previous strong momentum, consistently moving higher and closing higher, further consolidating the short-term upward structure. From the performance of key price levels, Bitcoin is gradually approaching the important resistance level on the daily chart — the 119,000 mark. This level serves as the core area for the short-term Bull vs Bear Battle, and whether it breaks through will directly impact the subsequent daily chart trend. Meanwhile, Ether has demonstrated a more positive trend, successfully breaking the resistance of the middle band at 4,350 on the daily chart. This breakthrough not only breaks the previous range's oscillation constraints but also marks a formal tilt of its daily chart trend towards long positions. Regarding whether today's market can continue to maintain the upward trend, the market needs to focus on the gains and losses of these two key points.


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From the perspective of the overall market environment, the current strong rebound in the crypto market is not an isolated phenomenon but the result of multiple factors working together. On one hand, the market's expectations for marginal improvement in the macro environment provide some support for risk assets; on the other hand, the internal liquidity in the crypto market has increased, with long positions continuously flowing in, driving the prices of mainstream coins steadily upward. However, it is important to remind that the cryptocurrency market is highly volatile. Even though the current market is strong, it is essential to remain rational and avoid blindly chasing rises. In subsequent operations, risk control should always be the top priority, and trading plans should be developed based on one's own risk tolerance. For detailed insights, follow the professional analysis in the Yibo evening live broadcast room #加密市场反弹 #今日你看涨还是看跌? .
BTC0.51%
ETH3.51%
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