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Weekend consolidation, liquidity is almost exhausted, and mainstream coins seem to be frozen in place, while Chinese Meme coins are taking turns to perform. The crazy scene of a 1250% surge in Ma Le Ge Bi is still vivid in my mind, indicating that the market’s heat is indeed shifting. Now that it’s Monday, it’s time for Bitcoin and Ethereum, the two big brothers, to make a move.
From a technical perspective, the situation is a bit delicate. If Ethereum can hold steady above 3180, or even break through 3150 to the upside, there’s still a chance to challenge the previous high, with a final target of 3500. But if it doesn’t hold, then close attention must be paid to the 3080 support level, and below that is the 3020 defense line.
For Bitcoin, this is also a critical moment. 91500 is an important support level; if it can hold and continue northward, it indicates a decent rebound strength. Conversely, if the 89200 bottom is broken, the downtrend may continue.
To put it simply, today’s entire trading pattern will set the tone for the upcoming market. Mainstream coins will either continue to sleep or experience a real rebound. The market’s choice is right in front of us—stay steady and watch.