The current price of Bitcoin is 103,900. From the daily chart perspective, the dense area of chips ahead has already broken through and is charging towards the 110,000 position. The market share of Bitcoin is gradually decreasing, and funds are flowing back to altcoins, which are collectively warming up. However, attention should still be paid to the pullback from the historical new high of 110,000, as there will inevitably be a reduction in short-term profit-taking and the entry of bears into the market, leading to a small pullback. In terms of volume, although this wave is only half the volume of last year's bottom at 48,000, abnormal volume patterns have historically preceded significant upward movements. In the short term, it is reasonable to expect the daily line to reach the 107,000 position.
The potential indicator risk is the oversold RSI on the daily and weekly charts. To put it positively, the MACD on the daily chart is in a 'fueling in the air' formation, opening upwards and continuing to rise.
If ETH maintains above 2,300 on the weekly chart, there is no doubt that the altcoin celebration is coming, as this support and resistance level has been validated multiple times. Among the 'three musketeers,' SOL has performed slightly worse, remaining below the daily resistance level of 180.
