#数字资产动态追踪 International situation is turbulent, but crypto prices are actually strengthening—there's something a bit strange behind this rally.

In the past two weeks, major global events have been unfolding continuously. US military actions, Trump's geopolitical strategies, Middle East conflicts, OPEC production cuts... these usually suppress risk assets. But look at the performance of $BTC and $ETH? Not only did they not fall, they are actually rising. The short signals given last week have wiped out those trying to catch the bottom, and stop-losses are also quite painful. This "sideways movement without a drop" pattern, honestly, has a bit of weak momentum for the follow-up.

This week, data releases are dense, especially non-farm payrolls. Traders should remain cautious.

**Technical Overview**

Bitcoin broke through the 60-day moving average today, now testing the 93,000 level. Ethereum is around 3,200. Check the liquidation heatmap—there aren't many liquidation positions during upward moves. The real danger points are below—breaking below 90,000 and 3,000 will trigger large liquidations. Coupled with the ongoing deterioration of international situations, the bearish logic seems to be gaining the upper hand.

**Trading References**

*Bitcoin Strategy*

Shorts: Current price 92,800-93,300 can be considered for positions; conservative traders might wait until 93,700-94,000 to enter. Set stop-loss around 95,000. Initial targets are 92,000-91,000-90,000; if the price continues to break down, look at 89,000-88,000. Adjust stop-loss to lock in profits based on market conditions.

Longs: Retracement to 88,000-88,500 is an opportunity. Defensive level at 87,000. Targets above are 90,000-90,500, then 91,000-91,500. Remember to move stop-loss to break even if the position moves favorably.

*Ethereum Strategy*

Shorts: Enter at 3,180-3,200; conservative traders wait for 3,250. Defensive level at 3,300. Targets are 3,100-3,050-3,000; if broken, look at 2,950-2,920-2,900.

Longs: Enter on pullback at 3,020-3,050; defensive level at 2,960. Targets above are 3,100-3,140-3,170.

**Key Tips**

Based on current liquidation depth, upward moves lack strong momentum. During declines, liquidation amounts reach tens of billions of dollars. Without positive support, avoid chasing highs. The market isn't short of opportunities; patience is what’s needed.