Market Analysis: #BTC vs #ETH, which is more likely to break through first?
The range of 116500-7500 for Bitcoin is facing significant challenges in digestion. Although the news of Trump entering the market stimulated spot contracts to rise together, the subsequent divergence between bulls and bears widened.
① It touched 117500 briefly and then quickly dropped.
② The premium between spot and futures has significantly widened, reaching a peak of 118500.
ETH, benefiting from the washout at 3350 the day before yesterday, directly set a new high of 3968. The entire upward trend faces little resistance. Notably, the rise that started yesterday shows that ETH's movement is leading BTC by 1-2 seconds, indicating an increasingly clear trend of independent market behavior.
As long as ETH breaks through 4000, it will mark a new chapter. Even if #BTC climbs over the mountain of 117500, it lacks sufficient topics of interest, so I continue to be optimistic about ETH.
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