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The cryptocurrency market is overall showing a volatile pattern today, with Bitcoin repeatedly testing support around 95,700. The technical indicators suggest that this level has become a key watershed for the bulls and bears. If this support holds, BTC is expected to rebound and challenge 97,400; conversely, if it breaks down, it could retrace to 92,000 USD. Market sentiment remains "greedy," significantly warming up from the "panic" in April, indicating an increase in investor confidence.
ETH is oscillating narrowly in the range of $1,800-1,860, with strong support at the mid-line on the 4-hour chart, but lacking breakthrough momentum. Additionally, AI-related tokens such as FET and AGIX have shown active performance recently, indicating ongoing market interest in the AI + blockchain concept. On a macro level, the Federal Reserve's interest rate decision is approaching, with the market expecting to maintain existing rates, but Powell's statements may influence subsequent rate cut expectations, thus affecting the crypto market. Institutional funds continue to flow in, with net purchases of Bitcoin ETFs reaching $312 million, supporting the long-term bullish logic for BTC.
Operation suggestion: Pay attention to the support at 95,800 for BTC, ETH short-term range trading, and be cautious of high leverage risks. Market volatility is increasing, it is advisable to control positions and respond flexibly.