Bitcoin - Ethereum daily chart drops sharply, short-term altcoins strengthen and surge, is a key re-accumulation happening?

Briefly explain the market situation: The market occasionally shows rebound and upward movements, but they are not sustained. Recently, each rebound lasts at most one or two hours, then stalls, encounters resistance, and falls back. Afterwards, it continues to fluctuate or decline.

So the core principle is simple: before the market shows obvious volume increase and a strong breakout above key resistance levels, do not hold too high expectations for rebounds. Maintain caution overall and avoid blindly chasing gains.

However, recently, a very important new change has appeared in the market, which everyone must pay close attention to. From April until now, compared to Bitcoin (BTC) and Ethereum (ETH), yesterday ETH showed a clear strong rise of over 3% for the first time. This is an important signal indicating that the market sentiment has shifted.

Previously, the market was weak, funds were conservative and seeking stability, mainly flocking into more defensive assets like Bitcoin for risk aversion. Now, funds are starting to dare to take risks again, gradually flowing from BTC into Ethereum, which has greater elasticity and higher potential gains. The market can also visually see that ETH’s trend has always lagged behind Bitcoin.

Over the past period, ETH exchange rate has been weakening, fully suppressed by Bitcoin, rising slowly and falling quickly, accumulating a large price gap. Now, this strength-weakness relationship has been completely reversed. ETH has begun to recover its exchange rate, and the previously suppressed upside potential will gradually be restored. There is a clear need for a rebound, and the weekly K-line conversion is also crucial!

Going forward, BTC and ETH can no longer be judged using the same logic of rise and fall.

Bitcoin remains relatively weak overall, with significant resistance above. The market funds are cautious, making it difficult to see sustained large rallies. Most likely, it will continue to fluctuate and face pressure.

ETH, benefiting from exchange rate recovery and capital switching, will be more explosive than Bitcoin, with much greater rebound and upward flexibility.

To summarize the overall market: the major weak structure has not been completely reversed, so it is not a true bull reversal. But in the short term, fund preferences have quietly changed.

The most critical signal moving forward: whether ETH can move independently and maintain strength. As long as this state persists, it indicates a complete shift in market fund style. Currently holding over 70,600 long positions, a temporary rebound range can be observed around 71,500-72,300. If it hits the key resistance zone and cannot extend the rebound, it should be sold, as this is also a position for a bearish reversal! $BTC $ETH