The past few days have been in a range-bound fluctuation. Let's take a different perspective on the current market.
$BTC and $ETH 's SMT (Smart Money Technique) comparative analysis:
Current structure comparison
• BTC:
• The daily line fluctuates between the 120k previous high and 111k–112k support levels.
• The recent wave of rebound tested 115k, with insufficient upward momentum, and the high position may induce long positions.
• ETH:
• The daily line fluctuates between the 4600 previous high and 4300–4200 support levels.
• Every surge has been suppressed, currently stuck at equilibrium, showing a weaker fluctuation.
✨ SMT similarities and differences
1. High point structure
• BTC: Surging to 115k, approaching the previous high range (strong performance).
• ETH: Rebounded to 4450–4500 but was suppressed, far from the previous high (weak performance).
👀 BTC is stronger than ETH
2. Low point defense
• BTC: 111k was pulled up after multiple liquidity sweeps, support is relatively solid.
• ETH: 4300 has been tested multiple times, 4200 is also being passively defended, showing weakness.
👀 ETH is more likely to break down
3. Capital intention (assisted by OBV-MACD)
• BTC: Volume divergence, short-term surge but does not continue.
• ETH: Volume is weak, rebound mainly relying on BTC.
ETH relies on BTC; BTC is the leading force in the rally.
✨ SMT deduction
• If BTC makes a new high (greater than 115.5k–116k), but ETH fails to break through 4450–4500, it indicates a typical SMT divergence, suggesting a significant risk of a top in the rebound.
• If BTC falls below 111k while ETH simultaneously falls below 4300 → SMT is consistently bearish, and the depth of the decline will be greater.
• If BTC consolidates between 113k–115k, while ETH weakens and falls below 4300, capital is more likely to abandon ETH and shift towards the strength of BTC.
✨ Key observation points:
• BTC: Will it break through 115.5k–116k?
• ETH: Can it follow through the breakout at 4450?
• SMT bias: If BTC surges without volume and ETH cannot follow, there is a high probability of a reversal, with ETH declining first.
In terms of operations, if everyone has TradingView, they can pay attention to the two indicators in my chart, combined with key positions, which have certain reference significance.
$BTC and $ETH 's SMT (Smart Money Technique) comparative analysis:
Current structure comparison
• BTC:
• The daily line fluctuates between the 120k previous high and 111k–112k support levels.
• The recent wave of rebound tested 115k, with insufficient upward momentum, and the high position may induce long positions.
• ETH:
• The daily line fluctuates between the 4600 previous high and 4300–4200 support levels.
• Every surge has been suppressed, currently stuck at equilibrium, showing a weaker fluctuation.
✨ SMT similarities and differences
1. High point structure
• BTC: Surging to 115k, approaching the previous high range (strong performance).
• ETH: Rebounded to 4450–4500 but was suppressed, far from the previous high (weak performance).
👀 BTC is stronger than ETH
2. Low point defense
• BTC: 111k was pulled up after multiple liquidity sweeps, support is relatively solid.
• ETH: 4300 has been tested multiple times, 4200 is also being passively defended, showing weakness.
👀 ETH is more likely to break down
3. Capital intention (assisted by OBV-MACD)
• BTC: Volume divergence, short-term surge but does not continue.
• ETH: Volume is weak, rebound mainly relying on BTC.
ETH relies on BTC; BTC is the leading force in the rally.
✨ SMT deduction
• If BTC makes a new high (greater than 115.5k–116k), but ETH fails to break through 4450–4500, it indicates a typical SMT divergence, suggesting a significant risk of a top in the rebound.
• If BTC falls below 111k while ETH simultaneously falls below 4300 → SMT is consistently bearish, and the depth of the decline will be greater.
• If BTC consolidates between 113k–115k, while ETH weakens and falls below 4300, capital is more likely to abandon ETH and shift towards the strength of BTC.
✨ Key observation points:
• BTC: Will it break through 115.5k–116k?
• ETH: Can it follow through the breakout at 4450?
• SMT bias: If BTC surges without volume and ETH cannot follow, there is a high probability of a reversal, with ETH declining first.
In terms of operations, if everyone has TradingView, they can pay attention to the two indicators in my chart, combined with key positions, which have certain reference significance.