BTC:
Last Friday's expectation was that Bitcoin would hit a high of $87,000. Over the weekend, it reached a maximum of $86,000, and the overall trend was in line with expectations. This week will see the delivery date approaching, and it is expected that market volatility will decrease. The price is likely to oscillate between the $87,000 and $83,000 range. From a technical perspective, a top formation has appeared on the hourly chart, and it may pull back to the support level of $83,500 in the short term.
ETH:
Last Friday's expectation was that Ethereum would test the resistance level of $2,050, and the trend was in line with expectations. Recently, ETH has been moving along the 5-day moving average, and the MA30 moving average has now shifted downwards, forming strong resistance. Historical data shows that MA30 acts like a high-voltage line; prices tend to retreat after touching it. Therefore, recent attention should be focused on whether ETH can effectively break through the MA30 resistance: if it successfully stabilizes above it, it would indicate the end of the first quarter's adjustment and the beginning of a new round of rebound; if it fails to break through, it may continue to decline.
Altcoins:
The altcoin market did not show significant movement over the weekend, and both market makers and project parties are waiting to see the trend after the delivery; it is recommended to patiently wait for the trend to clarify.
BR Chain Analysis:
BR has performed well recently, successfully breaking through the downward trend line. If the price pulls back to the support level of $0.18, consider gradually positioning.
Action Advice:
Pay attention to the $83,500 support for Bitcoin, monitor the MA30 breakthrough for Ethereum;
Maintain a wait-and-see approach for altcoins until the market direction is clear; BR can gradually build positions near $0.18
