#数字资产行情上升 $BTC market cap is encountering strong resistance at the levels we're monitoring, especially showing a notable reaction after touching the weekly simple moving average. This zone constitutes substantial resistance for altcoins — once reclaimed, the resistance strength will further escalate. If it continues to break upward, total market cap3 may exhibit a bearish divergence, which will increase the probability of subsequent rejection.

From a macro perspective, this indicator is in a downtrend below this range. This means any rebound in altcoins is merely temporary, unless the macro structure is repaired. It's worth noting that the dominance of other coins has also printed macro resistance at the 4-hour level, suggesting altcoins may be losing relative strength — especially when BTC is rejected at the 94K-95K and RSI 50 zones.

Here comes the key risk point: if total market cap3 confirms a lower high on the weekly timeframe, this will be the first occurrence of such a situation in three years. Once established, it means the macro structure has shifted, and subsequent full-year expectations will fall into deeper downside levels. This isn't baseless speculation, but rather a conclusion derived from current technical signals.