Market is tense, with both momentum chasers and panic sellers getting hit on both ends
Over the past night, the crypto market once again played a "frustrating" game. Bitcoin jumped up and down, Ethereum quietly gained strength, while Solana remained in a narrow range. Overall, the market lacks a clear direction
Bitcoin: Resistance above, support below
BTC surged to $85,650 in the early hours but quickly faced selling pressure and dropped back to $83,785. Every time the price tries to rebound, selling pressure immediately emerges. From the 15-minute chart, MA5, MA10, and MA20 have started to turn upward, and the MACD indicator shows signs of recovery, so the short-term structure is not deteriorating. Currently, focus on whether $83,850 can hold; above $84,000 is a key sentiment dividing line. If volume breaks through, targets are $84,300 and even $84,500; if it falls below $83,500, short-term longs should consider exiting and watch the support strength near $83,350.
Ethereum: Bullish moving averages, most notable short-term focus
ETH is relatively strong, currently at $2,697, having reclaimed all three short-term moving averages, with MA20 near $2,689 providing support. The $2,700 level is within reach; once effectively broken, the next targets will be $2,720 and $2,740.
In summary, Ethereum's short-term performance is the most noteworthy, but whether Bitcoin can hold above $84,000 will still determine overall market sentiment. The current market is frustrating; patience is more valuable than impulsiveness. $BTC $ETH $SOL
Over the past night, the crypto market once again played a "frustrating" game. Bitcoin jumped up and down, Ethereum quietly gained strength, while Solana remained in a narrow range. Overall, the market lacks a clear direction
Bitcoin: Resistance above, support below
BTC surged to $85,650 in the early hours but quickly faced selling pressure and dropped back to $83,785. Every time the price tries to rebound, selling pressure immediately emerges. From the 15-minute chart, MA5, MA10, and MA20 have started to turn upward, and the MACD indicator shows signs of recovery, so the short-term structure is not deteriorating. Currently, focus on whether $83,850 can hold; above $84,000 is a key sentiment dividing line. If volume breaks through, targets are $84,300 and even $84,500; if it falls below $83,500, short-term longs should consider exiting and watch the support strength near $83,350.
Ethereum: Bullish moving averages, most notable short-term focus
ETH is relatively strong, currently at $2,697, having reclaimed all three short-term moving averages, with MA20 near $2,689 providing support. The $2,700 level is within reach; once effectively broken, the next targets will be $2,720 and $2,740.
In summary, Ethereum's short-term performance is the most noteworthy, but whether Bitcoin can hold above $84,000 will still determine overall market sentiment. The current market is frustrating; patience is more valuable than impulsiveness. $BTC $ETH $SOL
