$ETH Market Structure: Both bulls and bears have been engaged in a tug-of-war at the 1-hour level. Although prices have dipped, they have consistently held above key support levels, indicating limited bearish strength and frequent rebounds, suggesting bullish momentum is dominant.
Fluctuation Significance: We are currently in a fluctuation phase, which is a process for the market to filter short-term speculative funds. Only after the floating chips are cleared can the market choose a clear direction.
Combined with Market Data: In the last 24 hours, the BTC price has fluctuated between 86846.16 and 88573.07, overall maintaining a high-level fluctuation with limited volatility, and the support level has not been effectively broken, showing strong rebound momentum, consistent with the description in the text that "bearish pressure is insufficient, and upward momentum is dominant."
BTCUSDT
Perp
88,175
+0.30%