Market Major Update —— BTC, ETH and Altcoins

The market always provides opportunities. Our job is to wait for the right price levels and take action according to the established plan.

Technical Analysis —— From Smaller Timeframes to Larger Timeframes

Now, let’s move into the technical analysis segment, starting with the smaller timeframes (LTF) and gradually transitioning to the larger timeframes (HTF).

Small Timeframe Analysis

From the small timeframe charts, it’s clear that Bitcoin is currently forming an “ascending wedge” pattern.
The resistance level above this pattern is currently located near the $66,000 area.
Recently, the BTC price action has fully matched the support role of the lower trendline of this pattern, and has rebounced strongly from the $62,800 area.
This confirms that the pattern is still working effectively at the moment.

Therefore, the key levels on the small timeframe are as follows:
$62,800 —— Support at the lower trendline
$66,000 —— Short-term resistance level / Upper trendline area
As long as the price continues to follow these key levels, we expect ongoing fluctuations between the support and resistance zones.

Most Critical Level —— $68,500
Next, we’re shifting our focus to a more important resistance zone, and the $68,500 area will be a key level worth close attention.
If BTC can break above this level with strong momentum and successfully hold above $68,000, then the market structure may change significantly, turning bullish.
In this case, the next important high timeframe (HTF) resistance zone would be located at:
$74,000–$76,000
This area could become Bitcoin’s next major resistance zone, and it’s something to watch closely.

High Timeframe Perspective

From the high timeframe perspective, Bitcoin is currently positioned between an important psychological level and key technical levels.
On the downside, the $49,900 area still remains an important psychological level and key focus zone.
However, we don’t need to predict the entire market’s trajectory.
The key is to monitor each level step by step:
$62,400 —— Important lower timeframe (LTF) support
$66,000 —— Immediate resistance
$68,500 —— Key breakout confirmation zone
$74,000–$76,000 —— Next important high timeframe (HTF) resistance zone
$49,900 —— Important high timeframe (HTF) psychological support level
Market movement is not a straight line. That’s why we should focus on analyzing step by step rather than fixating on a single bullish or bearish prediction.
If BTC breaks and holds above an important resistance level, we’ll adjust our strategy and shift toward bullishness.
If BTC meets resistance and pulls back, we’ll stay patient and wait for the price to retrace toward the next important support level.
No chasing.
No emotional decision-making.
No blind predictions.

Key levels always guide our actions. All we need to do is stay patient and execute according to the plan.

Ethereum (ETH) Market Latest Update

Right now, Ethereum (ETH) is trading around the $1,841 area.
As is well known, ETH is often hailed as the “second cryptocurrency after Bitcoin.”
Recently, we’ve witnessed a strong upward move; I have stated multiple times that if ETH can hold the $1,500 area, the price may continue to rise afterward.
This prediction has played out perfectly.

ETH rebounded strongly from the $1,500 area and even pushed toward the $1,950 level at one point.
Back then, when ETH was trading in the $1,600 area, many claimed it would drop straight down to the $1,000 area.
Now, some of those extremely bearish traders have turned bullish and regret their earlier position management.
But that’s exactly why I’ve always stuck with the “step-by-step analysis” approach.
I won’t blindly follow the crowd, and I won’t develop emotional bias based on a bullish or bearish viewpoint.
Instead, I lock onto key levels and let the market reveal the true direction to us.

$1,666 support level

$1,666 is the key support level that ETH must hold.
At the time, I mentioned that as long as ETH can hold this zone, it may attempt to push into the $1,950–$1,960 range.
The subsequent price action fully validated this analysis.
ETH moved from the key support zone toward the $1,950 area, proving once again how important technical analysis, patience, and accurately identifying key levels are.
That’s the value of staying close to the market and analyzing step by step.

Current Ethereum (ETH) Technical Structure

Compared with the last analysis, the overall market structure has changed significantly.
However, those key levels are still crucial.

Small timeframe (low timeframe) levels

On the small timeframe charts, ETH’s current trading range is located between the following important areas:
Major resistance zone: $1,975–$2,025
Current support: $1,737
These are the key levels I’m focusing on in the short term.
If price can effectively break through the $1,975–$2,025 resistance zone, it may open the door to further upside momentum.
On the other hand, if price breaks below the $1,737 support level, it could trigger a deeper pullback and cause the price to retest support zones further below.

Daily timeframe structure — High timeframe (HTF) levels

On the daily chart, we have already witnessed the price rebound strongly from the $1,500 area, which aligns exactly with our earlier analysis.

Key support — the $1,500 area

If ETH again retraces to the $1,500 area and rebounds strongly, then returning to and moving above the $1,900 area would become a realistic possibility.
That zone remains an important high timeframe support level.