U.S. stock market opened mixed; as of the time of writing, the Dow Jones is up 0.37%, the Nasdaq is down 1.32%, and the S&P 500 is down 0.44%. Bitcoin is approaching the daily descending trend line and is also below the 0.382 level of this downward segment. If the daily ascending channel does not break below the lower channel, there is a chance for a direct breakout. If it breaks, there may be a third retest of the support around 83,000 before rebounding upwards.

Ethereum has rebounded for over ten days, but it has not effectively broken through any resistance. Only a breakout above 2100 would provide significant rebound potential. In contrast, altcoins have shown greater percentage increases, and the altcoin season indicator 22 is still grinding at the bottom. Normally, it requires a longer time to build a bottom before rebounding.

Bitcoin

The weekly RSI indicator has shown a breakthrough, which has occurred in both 2023 and 2024, so we need to pay attention to whether it will continue to retest.

On the daily chart, Bitcoin is facing pressure from the descending trend line and is also below the 0.382 Fibonacci resistance level; a breakout would target 97,000.

Support: Resistance:

Ethereum

Ethereum mainly focuses on the subsequent catch-up situation. The altcoin season indicator 22 has historically shown prolonged bottoming and adjustment time, but a rebound is still anticipated.

For altcoins, pay more attention to RWA and stablecoin-related sectors like RSR, MKR, ONDO…

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

The article is time-sensitive and for reference only; it is updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。