Bitcoin has broken through the long-term downtrend channel, and its technical pattern has shifted to bullish. Traders' current target resistance is between $100,000 and $103,000. If it decisively breaks through this resistance level, Bitcoin is expected to advance toward around $115,000; if the breakout fails, it may fall back to the support level near $88,000. Similarly, Ethereum has also confirmed a trend reversal, encountering initial resistance around $3,450 and gaining solid support near $3,000. The macroeconomic environment, including slowing inflation and a soft labor market, has created favorable conditions for risk assets, with market expectations that the Federal Reserve may cut interest rates later in 2026.