I. Fundamental Analysis

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Whale Movements: Among the top 100 whale holdings, the 17th ranked whale accumulated 1,000 bitcoins yesterday, while other whales accumulated between 200 to 155 bitcoins, with some also reducing their holdings. This indicates that some whales began accumulating around the $80,000 mark for bitcoin, which is a positive signal.

ETF Data: On a macro data level, approximately $200 million entered bitcoin's ETH yesterday, marking the largest inflow since last month. If this inflow continues at this pace for three consecutive days, it suggests that bitcoin may have a potential upward movement ahead, indicating that many investors are starting to regain confidence in bitcoin's price trend. We are closely monitoring the inflow and outflow of bitcoin ETFs over the next couple of days.

II. Technical Analysis Interpretation

Bitcoin: On the daily chart, the price of bitcoin is currently at the lower boundary of the daily channel, followed by an upward rebound. Overall, bitcoin has experienced two downward channels and is currently consolidating around $83,000. If bitcoin retraces downward and forms a low point and a reversal shape here, we need to watch whether it will break below the support level of $77,000. If it does not break, it is highly likely to form a reversal shape and establish a short-term or mid-term bottoming action within the next week.

On the 4-hour chart, the price of bitcoin is under pressure from the $85,000 level trendline. Each time it touches $85,000, the price retreats, but the low points are continuously rising until yesterday's low began to create new lows. Therefore, $85,000 remains an important resistance level.

If bitcoin cannot break through $85,000 in the future, it may retreat again, and the lows may continue to create new lows. This would be a good opportunity to re-enter, but caution is needed in case of a breakout. On the hourly chart: bitcoin has formed a double bottom structure at its current position, retraced to the neckline, broke through, and then retraced again before starting to rise. The resistance levels are $83,400, $84,500, and $85,000.

If bitcoin retraces to the support line at $82,300, this position is likely to hold. Short-term traders may consider entering around $82,400, and if it breaks, they should exit immediately. The upward target is in the $84,000-$85,000 range.

Ethereum: On the daily chart, Ethereum was operating within a channel yesterday and effectively broke the trendline. The current price is consistently under pressure from $1,950, which is more evident on the hourly chart. After Ethereum's price retraced to $1,880 yesterday, it began to rebound, with the rebound pressure still at $1,950. Although there have been multiple rebounds, the bottoms are continuously rising, but yesterday it did break below the previous bottom.

We need to closely monitor the breakout situation at $1,950. If it breaks, the price is expected to look up towards $2,050 and $2,100; if it does not break, it may retrace downward. Short-term traders may consider entering around $1,880, and if the trendline breaks, it would not be too late to exit.

BMT: Today we bring you a newly launched token, BMT. From the 15-minute chart, it has broken through the neckline with a certain volume accompanying the breakout. After the breakout, the price retraced downward, and it is currently around $0.24 - $0.25. It is suggested that if interested, one may consider entering at this position, with a stop-loss set below $0.240.

If it breaks the neckline, exit in a timely manner. The upward pressure target for this token is $0.27, and if further extrapolated, it may rise to $0.32, providing a short-term trading opportunity for investors.

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