Cryptocurrency markets today迎来关键转折点。Bitcoin broke through $97,899 intraday to hit a new high, then entered consolidation at high levels; Ethereum repeatedly fluctuated around $3,330. The trend of these two main cryptocurrencies directly determines the subsequent trading strategy—whether to buy the dip or to run? Let’s see what the technicals say.

**Bitcoin: $98,000 is the critical threshold**

Looking at the daily chart, Bitcoin’s recent rally clearly progressed in stages. EMA7 and EMA30 have formed a golden cross, with the 30-day moving average firmly at $93,006, and the 120-day moving average supported at $91,126. The MACD histogram is still expanding—indicating the mid-term bullish momentum has not yet faded. But the 4-hour chart shows some interesting signals: after reaching $96,800, it started to pull back, with the MACD histogram shrinking, indicating short-term buying momentum is clearly waning.

Key levels to remember:
- Resistance above: $97,800–$98,000 (previous high + psychological level)
- Support below: $96,000 (recent), $95,000, $93,400 (EMA30 convergence zone)

The logic is clear—if $96,000 can hold and volume increases, the probability of pushing to $98,000 is high; conversely, if it breaks below $95,000, it’s likely to test $93,400.

**Ethereum: $3,400 is the critical dividing line**

Ethereum’s situation is more complicated. The daily chart is heavily pressured by the 50/100/200-day moving averages, with bulls and bears nearly evenly matched. RSI and MACD show no clear signals. However, the 4-hour chart has a detail—lower lows are gradually rising, indicating that although the rebound is weak, the bearish momentum has not fully exhausted itself. Currently, it is repeatedly confirming around $3,330.

Key levels:
- Resistance above: $3,390–$3,400 (rebound high + Fibonacci retracement), $3,450 (previous high in the range)
- Support below: $3,300 (immediate), $3,280 (recent low), $3,100 (structural bottom)

A volume breakout above $3,400 could target $3,450; but if it repeatedly encounters resistance here, a pullback to $3,300–$3,280 is highly probable. Further breaking below $3,280 would require psychological readiness for $3,100.

Overall, whether BTC can hold above $96,000 is the key focus in the near term, and ETH’s success depends on whether it can effectively break through the $3,400 resistance. The release of US CPI data may accelerate the decision in these two directions.