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This week's market rhythm is quite clear: rebound - consolidation - pullback. After several cycles, we didn't chase the last wave of six consecutive bullish days last week; instead, we waited for the desired pullback point. These days, it looks like the market is building a bottom at lower levels, with Bitcoin and Ethereum both stabilizing above key support levels, increasing the probability of a rally.
First, let's talk about Bitcoin. The support level is still around 90,000. The dip earlier today was actually a test of this support's strength, and it held firmly. If it can break through 95,000 again this week, that will be very significant, as 95,000 is essentially the last hurdle for Bitcoin to return to the 100,000 USD mark. Once it stabilizes above this level, we can look forward to new highs.
As for Ethereum, the support is similarly solid, around 3,050. After a few days of correction, it has now turned upward. The resistance level above is 3,320, which was the previous high. The recent two dips have been quickly rebounded from, indicating that the bulls are still strong. The current strategy is to hold ETH positions at 3,050 and BTC at 89,200, and wait patiently for the next market move.
By the way, a quick note on altcoins. Recently, the market enthusiasm has shifted towards the BSC chain, which is normal—market interest tends to chase capital. But chasing hot money is a high-risk game, so don't rush. After major dips, capital will naturally flow back. The next promising sector, besides long-term favorite fan tokens, is the AI track. Projects like TAO, FET, and WLD are still in the growth phase, so keep an eye on them.