Bitcoin Market Overview

From a long-term perspective, Bitcoin has already reached the 98,000 level, which is a strong resistance and support boundary. The first rebound at this level encountered resistance, indicating a pressing need for consolidation. In the short term, focus is on the 93,000 and 94,000 support levels. If the price retraces to these levels and holds steady, it suggests continued upward movement. After sufficient sideways consolidation, there may be another attempt to push higher. Once the 98,000 resistance is broken, the next major reversal targets are the 104,000 and 108,000 levels.

Ethereum Market Analysis

Ethereum has also reached the 3,450 level, which is a key support and resistance boundary in the short term. Looking downward, the critical supports are at 3,150 and 3,200. As long as these areas hold, the upward momentum remains intact. If the price breaks above the 3,450 resistance, the next targets are the major reversal levels at 3,680 and 4,000.

Overall Strategy

In this cycle, both coins have already reached their expected targets. However, before the major structural reversal, what we are seeing is primarily a rebound. Reaching these levels initially will encounter noticeable resistance, which is normal. If there is no breakdown of support after a short-term correction, there is still a chance for another push higher. After truly breaking through the highs, accelerated short-squeezing may occur, so focus on the breakout performance at 104,000 and 108,000.