BTC ultimately retraced to around the support level of 115000 in the form of a Long Wick Candle, and then quickly rebounded, demonstrating strong resilience, in line with our initial expectations for the trend. As the market reached the position of 119000, BTC and Ether began to become stuck, oscillating within a narrow range. Altcoins were generally weak and easily affected by the slight decline of Ether, resulting in a significant fall, with market confidence being relatively mediocre.

Overall, the market appears slightly sluggish. BTC's current trend is acceptable, but Ether has formed a double top divergence on the 4-hour chart, coupled with the fact that it has entered the heavy pressure zone of 3940-4000, which has already been on alert several times. The likelihood of a pullback starting here is quite high! Let's first look at two positions for the retracement. The first is whether the daily closing can hold at 3740. If it cannot hold, then testing 3500 again will be a high probability event! The same goes for BTC, with the previous low around 114723 being an important support level. If it loses this level, then the next target will be around 110000!
On the news front, a large amount of Ether staking chips has started to decompress and flow back to the exchanges, significantly increasing the expectation of a sell-off. On the 1st, China and the U.S. will continue negotiations on tariff issues, and one misstep could lead to more negative news... The upcoming market may again show divergence, with BTC being relatively strong and Ether a bit weaker. However, that being said, the major market trend is not over yet. After BTC completes its adjustment, the probability of reaching a new high is considerable, and the same applies to Ether. The process in between is bound to be rather tortuous, so everyone should prepare mentally!

#FARTCOIN VIRTUAL AI16Z FET TAO INJ GOAT AIXBT ATA COOKIE AVAAI ACT CATI SOL ETH ZETA DOT BTC #