Massive Surge! Bitcoin breaks through 94,000, Ethereum stabilizes at 1,700, is the altcoin bull market coming? SUI ecosystem surges, MEME and AI sectors explode strongly! PEPE takes off
This surge is attributed to the 'Trump Trade.' This is a newly coined term referring to market movements due to changes in Trump’s policies. Last night, Trump did three things.
1. Changed his tone, implying a de-escalation of the tariff war with China, acknowledging that tariffs are too high and should be lowered.
2. Changed his tone, emphasizing that he has not considered dismissing the Federal Reserve Chairman.
3. Continued to send signals to the market about interest rate cuts.
Last night, there were also reports that the U.S. is 'close to reaching a trade agreement with Japan and India.' Meanwhile, analysts have noted that the probability of a rate cut in May has significantly increased.
Under Trump's tariff pressure, the market has been continuously declining and repeatedly fluctuating downward, causing a massive crash in cryptocurrencies.
Similarly, under Trump’s easing tone, Bitcoin has returned to a strong position, while altcoins have seen significant increases.
The question on everyone’s mind: will Bitcoin, once again, push above 90,000 and continue to rise?
The daily chart for Bitcoin shows that it has broken through the pressure levels of 93,000 and 92,000, continuing to rise strongly, and the likelihood of Bitcoin hitting new highs has clearly increased. This trend can no longer be analyzed using technical analysis; it is a standard 'short squeeze market.' Once a 'short squeeze market' begins, it means that the bears may have a hard time in the short term.
Currently, Bitcoin's price is operating within the previous week’s central pivot of the decline. We need to see if the MA120 and the level of 89,000 can effectively support it. If it provides effective support, it will challenge the middle line of the weekly central pivot, even the upper boundary! The upper boundary is near 100,000. There is some divergence in the short term. There is a risk of a pullback; it is recommended to buy on the dip. Today is the 24th, and Trump has released positive news. It should not change quickly.
Bitcoin breaks through 94,000, and Ethereum also stabilizes at 1,700; brothers can start looking for key points!
A key project that cannot be overlooked in this wave of market momentum is SUI. Here, I want to emphasize not just the SUI token but the entire ecosystem.
The TVL of the SUI chain has seen explosive growth over the past six months, currently stabilizing above 1 billion, with monthly growth in TVL for all projects on the chain exceeding 20%.
For friends who are currently losing money and want to recover their losses, trust Brother Xia, the opportunity to profit is right in front of you!!!
