BTC ETH market analysis

From the daily chart, after BTC formed a bottom around 63,000 earlier, it made a fairly clear rally, reaching a high near 82,828. The current price has returned to around 79,000, and overall it is still in a high-level consolidation phase.

The most obvious feature of the current market is that after breaking above 80,000, there has not been a continuous decline; instead, it has been fluctuating repeatedly between 77,000 and 81,000. This shows that although there is selling pressure above, the bulls have not clearly exited for now.

First look at the upper level: 80500—81000 is short-term resistance. Above that is 82000—82800, and 82800 is the previous high in this cycle as well as the most critical resistance level right now.

On the downside first look at 77500—77000; this is currently the first support. If it pulls back here and holds, you can still look for longs. Further below, watch the strong support at 74500—74000, and then 71000—71500.

So for BTC, don’t blindly chase around 80,000. A more appropriate rhythm is to wait for the pullback and confirmation. If the pullback near 77,000 doesn’t break, you can look for long opportunities. If it breaks through 82800 directly, you can wait for the post-break pullback confirmation before following. Only if it later breaks 77,000 effectively will the short-term structure clearly weaken.

ETH is currently around 2500; its overall structure is relatively close to BTC.

Earlier, ETH completed range-bound base building around 1850—1900. After that, it surged quickly, reaching as high as around 2566. Even though the price hasn’t continued to surge rapidly now, it has been consolidating around 2400—2550, which suggests it’s mainly digesting the previous upswing.

On the upside, focus on 2550—2570. 2566 is the current cycle high and the most important resistance. If 2566 can be broken effectively, there is still room for further upward movement.

For downside support, the first one to watch is 2400—2430. This is currently an important area for short-term levels. Below that, watch 2320—2350. Further down, the strong support is around 2130—2150.

ETH is doing the same for now; I don’t recommend chasing at 2500+ directly. A pullback to around 2400—2430 can hold steady, and then you can keep looking for longs. If it breaks 2566 and then the pullback confirms, you can follow in. If it later falls and breaks 2400 effectively, you’ll need to be prepared for a deeper pullback.

Overall,

Now neither BTC nor ETH has shown any clear daily chart turnaround-to-short signal. It more resembles consolidation in the high range after a rally.

For BTC, focus on 77000 - 82800.

For ETH, focus on 2400 - 2566.

In terms of strategy, it’s still mainly to go long on pullbacks. Don’t rush to chase on a breakout—wait for confirmation. If key support is broken effectively, then consider adjusting the direction.

What the market truly needs to watch right now is whether BTC can break through 82800 and whether ETH can break through 2566. Once both are broken at the same time, the upside room in the next leg will be further opened up.