Mainstream Cryptocurrency Trend Analysis

Bitcoin faced strong resistance around 70,000, with clear technical divergence. Yesterday, Bitcoin experienced intense volatility, surging from around 64,000 at the open to a high near 70,000, but then faced selling pressure and fell back to close around 68,000. The technical indicators show a tug-of-war between bulls and bears: RSI is oscillating in the neutral zone, MACD has turned positive but lacks momentum. The key is whether it can effectively break above the recent high of $68,500; a breakout could lead to further gains. On-chain data indicates that gamma risk hedging activities ahead of large options expirations have increased market volatility, and the maximum pain point around 75,000 may exert a short-term magnetic pull.

Ethereum has seen a significant influx of institutional funds, repeatedly crossing and losing the $2,000 mark. Yesterday, it surged from a low near 1,850 to a high around 2,150. This strong performance was mainly driven by institutional ETF fund inflows, with a net inflow of $157 million in a single day, hitting a recent high. Today, it continues to consolidate above $2,000, showing that buying momentum remains strong. Technically, Ethereum has regained the psychological level of $2,000, with the next target at the resistance zone around $2,200. Currently, the main strategy is low buying; below $2,000 presents a short-term entry opportunity. #当前行情抄底还是观望？ $BTC ‌$ETH ‌