Today’s market is basically just grinding around at high levels. $BTC is now repeatedly tugging back and forth near the 80,000 mark, and $ETH is oscillating along with it. Neither bulls nor bears have gained the upper hand. A lot of friends are asking whether it can directly break to a new high. To be honest, it’s not easy to surge up in one go right now. 💥

A few days ago, the non-farm payroll data came in above expectations, and expectations for the Fed to raise rates suddenly rose. This is a sword hanging over the crypto market. Looking at the chart now, support is still holding, and the decline hasn’t continued with heavy volume, which means long-term funds haven’t fled on a large scale, and the overall bull-market structure hasn’t been broken for now. But the upward momentum has clearly weakened. Every time price tries to push higher, sell orders come in to knock it back down. This is a typical consolidation-and-build-up range. 💥

If we really want to break to a new high, there’s a key point: it must break above the resistance level with strong volume and hold there. Otherwise, it’s all false breakouts—price pops up and then pulls back, and chasing the rally easily leaves you trapped at the top. If the current support level can’t hold, then a deeper correction will follow. 💥

At this stage, it’s not recommended to blindly take a heavy position and bet on direction. Whether going long or short, don’t use high leverage. Before the market shows a clear direction, watch more and trade less. Crypto is extremely volatile, and news can change at any time, so don’t blindly enter just because others are shouting signals. 💥#伊朗将设霍尔木兹海峡限制区 #美国空袭伊朗油轮德黑兰限制霍尔木兹海峡 #ZEC续刷历史新高