Yesterday's Market Review

BTC

Yesterday, BTC experienced a significant upward “pin bar” movement, quickly piercing through short positions' stop-loss levels before falling back, which is a typical liquidity wash rather than a trend reversal.

On the fundamental side, caution remains, as the daily structure has broken below the original upward channel and is currently in a short-term downward channel, needing to organize and repair through time to gain space.

The weekly trend still maintains a downward structure, with no clear stabilization signals appearing yet.

ETH

ETH followed BTC in synchronized fluctuation and consolidation, with prices also breaking below the ascending channel, shifting to a downward structure in the short term.

The daily level shows a slight head and shoulders pattern, and the space below has not yet been fully released, so it is still treated with an adjustment mindset overall.

Altcoin Market

Altcoins continue to follow mainstream corrections, with overall liquidity remaining weak, and no clear capital inflow signals observed yet.

The threshold for Alpha activity points continues to rise, and related operations have been suspended, waiting to reassess the timing for a restart after rule adjustments.

Intraday Market Analysis

BTC

1H / 4H levels are running below the healthy range, and the daily structure is also weak.

Short-term fluctuations are expected to continue within a range, with significant selling pressure above, making upward breakthroughs difficult.

Support below: 84,000 – 84,500

Resistance above: 88,000 – 88,500

ETH

1H / 4H and daily levels are synchronously weak, with intraday activity primarily focused on consolidation.

Before a significant volume breakthrough of key resistance, rebounds are more of a technical repair.

Support below: 2,750 – 2,800

Resistance above: 2,900 – 2,970

Summary

The current market is primarily focused on digesting previous fluctuations, and the operational mindset should lean towards defense.

Before the trend stabilizes again, patiently waiting for structural confirmation is far more important than aggressive speculation.