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Recently, the market has become quite interesting. I have organized some technical and news perspectives on Bitcoin, Ethereum, and Solana for everyone's reference.
The overall market rhythm is shifting from defensive to tentative bullishness, but individual coins are clearly diverging. The short-term direction is mainly determined by the gains and losses at key technical levels.
**Bitcoin:** Short-term support is at $89,500-$90,000, with intermediate defenses at $88,049, $81,000, and $74,508. On the resistance side, short-term holders' cost basis is around $91,000, combined with the market maker gamma short zone of $95,000-$104,000, and the round number $100,000, all of which are pressure points.
The current divergence is as follows: on-chain data shows profit-taking selling pressure is easing, and the options market sentiment is becoming bullish. If it can hold above $91,000 and break through $99,000, there is a chance to turn the situation around. Conversely, the weekly chart is stuck at $100,000, and momentum has slowed down. If it falls below support at $88,000, watch out for a move down to $81,000 or even $74,500.
**Ethereum:** Recent support levels are at $3,100-$3,155, with mid-term defenses at $2,940-$2,947 and $2,618. Resistance is stacked around $3,190-$3,220, $3,348, and between $3,659 and $4,000.
The bullish and bearish divergence is also quite apparent. There are many reasons to be bullish, but bearish cases also have their logic. The key is which side can break the deadlock first.