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The overall cryptocurrency market is showing a pullback today, with the Layer2 sector leading the decline by 7.02%. ETH has fallen below $2600, down 3.52% in the last 24 hours, yet still holding the $102,000 level. Market sentiment is influenced by short-term profit-taking, with sectors like GameFi and DeFi declining in tandem, indicating that funds are still rotating in specific areas.
From a technical perspective, BTC found support and rebounded around $102,500, with the four-hour level showing that buying pressure is gradually increasing, suggesting a possible continuation of the upward oscillation in the short term. On the other hand, ETH's performance is relatively weak, constrained by the resistance of the Bollinger Band's middle line, and attention should be paid to the narrow range breakout between $2,545 and $2,646.
At a macro level, expectations for a Federal Reserve interest rate cut are heating up, combined with favorable US-UK trade agreements, which continue to support risk assets in the long term. If BTC rises to $118,000 in the short term, it may trigger selling pressure, and investors need to be cautious of volatility.
Operating suggestions: The market has entered an adjustment phase. Look for strong assets (such as BTC and ETF-related assets that institutions are increasing their holdings in) when prices dip, and avoid chasing highs and selling lows. Short-term traders can pay attention to the rebound opportunities for ETH after a sharp decline, while medium to long-term investors should wait for clearer trend signals.
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DreamDOGEAndDogHeadvip
· 19h ago
Hold HODL💎
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vip
· 21h ago
HODL💎
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