The storm before the market! The forces of bulls and bears are colliding, will there be a main upward wave or a deep correction? Key levels have been illuminated!
The current cryptocurrency market is at an extremely sensitive turning point—bullish and bearish forces are intertwined, and the direction will soon determine the fate of the next round of the market.
On the market side, the Federal Reserve has ended quantitative tightening, and expectations for interest rate cuts continue to rise. Coupled with the return of funds from institutions like Vanguard and BlackRock, the market has indeed regained some heat, with Bitcoin returning to the $93,000 range, and optimists even proclaiming "the end of the bear market." But looking calmly: liquidity has not fully opened, the USDT exchange rate continues to weaken, and some whales are showing signs of divesting, all of which mean that the market will still experience fluctuations in the short term, rather than a single bullish candle directly announcing a new bull market.
BTC is currently in a key sensitive area of "chasing highs is dangerous, bottom fishing is perilous." The holdings of Trump-related companies and the stability of the chip structure are fundamental positives, but the pressure on U-based funds makes market sentiment slightly cautious. The direction will depend entirely on whether it can effectively hold key resistance levels. Don’t chase before breaking out; don’t bottom-fish before hitting support. Patience is the most important strategy right now.
ETH, on the other hand, is clearly stronger. The TPS increase, reduced Gas fees, and enhanced destruction brought by the Fusaka upgrade provide a strong fundamental drive. Once it breaks through $3,500, it will trigger short liquidations exceeding $3 billion, and the market could switch from a "strong rebound" to "accelerated eruption" in an instant.
Although the current pressure on U-based conversions makes some funds hesitant, the strong recovery of MA50 and structural volume increases are all hinting that:
ETH may be brewing a more aggressive breakout trend than BTC.
The conclusion is clear:
The market will fluctuate in the short term and look bullish in the medium term; BTC and other key breakouts, ETH is strongly positioned; new funds are testing the waters, and the real big wave opportunity is approaching.
What needs to be avoided the most now is emotional trading; what you need to do is stabilize your position before the key levels are illuminated and execute decisively after the lights are on. $ETH
