$BTC

This afternoon, prices kept surging higher and refreshed the phase high. Many of those who were expecting a pullback were stunned by the chart action—funds continued to push upward, while short-side positions kept stopping out and exiting.
From the chart, you can see a tentative double-top forming in the short term, but this pattern is not considered valid yet. It will only be confirmed once the price falls through 61868 back into the prior consolidation range, at which point the double-top would be considered formed and the pullback phase would truly begin.
If the rally’s starting point at 61113 is lost, this current uptrend will immediately be damaged. The first support level to watch is 60514. If the price holds steady and doesn’t pull back, and instead breaks above the resistance at 63252, then it would move to test the 64290-65566 range.
At the moment, there is no external macro-positive catalyst supporting the market—this rally is driven purely by capital within the market. Chasing gains at high levels is a very big risk, and it’s unlikely that prices can keep rising sharply for a long time.

$ETH
The price action is closely tracking Big Dog (BTC), moving upward in sync, with gains that are slightly stronger than BTC. A number of funds have also been diverted to Ethereum, causing the overall institutional fund flows to split in two directions.
In the evening, the market will most likely continue to oscillate back and forth within a range. It’s not recommended to chase. Wait for signs of price stagnation before making short-term trades—it will be safer.