On the news front:
Regarding the short to medium-term trend of BTC, I predict two possible directions:
Firstly, it may directly break through after fluctuating in a high box along the upward trend line;
Secondly, it may break through the box fluctuation structure, first testing the support line at 89,000, and then rising again.
If the first path is chosen, it will mean that the trend is exceptionally strong, and the peak price might exceed most people's expectations. Compared to the market conditions in October 2023 and October 2024, the number of people missing out on this wave has at least tripled. They want to chase the rise, but the market does not provide opportunities for adjustments, with changes in the market being unpredictable and the rhythm of trends accelerating.
The previous bull market was a steady rise, but now, it is at the tail end of the bull market; this is the real wild bull market. Until a breakthrough occurs, everyone can wait for Bitcoin to rise above 104,000 to find a position to short, and if it drops two thousand points, then take the rebound.
Ethereum
Ethereum has broken below the head and shoulders neckline, currently rebounding slightly; the weekend is a period of fluctuation, and a direction will be determined after the liquidity of contracts accumulates.
Currently, the bullish trend still exists, but the 200-day line faces resistance and is consolidating. Ethereum has confirmed through two densely populated areas of chips, reaching the last main pressure area of 27,000-28,000 dollars, which is a key level for breaking through. The previous two chip zones have been broken and formed support.
If Ethereum can break through this resistance zone, the upward space will open up, making it easier to return to 4,000 dollars; previously, it was mentioned that 2,800 dollars is a major resistance level.
The premise for trading altcoins is that BTC can stabilize; if the overall trend is positive, that would be even better, which is clearly the case right now. BTC is strong and it is difficult to have a deep pullback; we are still in the early main upward wave of this round, making trading altcoins more cost-effective. For example, F3B had a 20-fold increase in the last round, and it is said to be a good time now; it's very powerful.
f3b
Starting to make money now, f3b is at the top of today's gainers list. I think it's just the beginning; with a contract holding of 30 million dollars and a market value of only 10 million dollars, the market makers are definitely stirring things up.
Also, the MOODENG, PNUT, NEIRO, and MUBARAK that I mentioned earlier have had pretty good gains. The article (Epic squeeze of Bitcoin! Crash or new high? Ethereum skyrocketing by 3,000 points! ETHFI, BOME, ORDI collectively surging, is the next skyrocketing coin coming?)
The value of my article from last week (Trump suddenly 'softens', global tariffs drop sharply! Bitcoin aiming for 120,000? Ethereum breaking 3,000 this week, what will the market speculate on next? May's secrets to wealth revealed!) is still rising. NEIRO surged by 25%, MUBARAK by 19%, PNUT by 16%, and NRITO even topped the Binance gains list.
Let me tell you about a few more altcoins.
OP, UNI, zora, prompt
In this round of rising prices, Ethereum's increase has surpassed that of Bitcoin, becoming the market focus. Ethereum has nearly doubled from its bottom, but the increase in its ecological projects has lagged behind, at only 20%-30%. I believe the rebound has not ended, and if Ethereum gains more momentum, these projects are expected to rise as well.
THERANOS
It is breaking through and testing support, attention is needed on its sustainability; this project is quite famous, and the intensity depends on the market makers.
DARK
If it does not break 10m, it may give investors hope, as there is a possibility of a golden cross rebound on the daily chart. useless formed a 4H wedge, and after breaking down, it fell back to 25m.
goonc
It was previously mentioned that it reached a high point of 70m, now rebounding to 26m, it should be treated as a rebound, don't have illusions.
buddy
This is a conspiracy coin from the laser cat pow organization, suppressed and stuck within a flag pattern at around 7m, with a poor holding experience, it is advisable to avoid it.
fitcoin
This is a fartcoin imitation; although it is currently at 14m, I am not optimistic about fartcoin due to high-level fluctuations that may lead to selling.
moonpig
A turning point appeared yesterday, with H4 forming a triangle consolidation, expected to continue rising or create new highs.
