Family! Bitcoin has gone crazy at the $109,000 mark. Can it really break through $110,000 today to set a new historical high? Come and see how exciting this market is!

This morning, Bitcoin directly broke through the $107,000 resistance level and has now soared to $109,000. From a technical indicator perspective, the RSI has risen to 66, and the MACD is also in the bullish zone, with the price firmly above the 50-day and 200-day moving averages. The $100,000 mark is currently stable. However, the closer we get to the historical high, the more those who have made profits want to cash out. There has already been a slight dip during the day, and everyone is feeling anxious.

Looking at the funding situation, institutional leaders like MicroStrategy are still frantically buying up, hoarding over 570,000 Bitcoins with unrealized profits exceeding $20 billion! Additionally, many states in the U.S. are treating Bitcoin as a strategic reserve, which indeed boosts market confidence. However, to put it bluntly, the range from $108,000 to $110,000 is full of trapped positions, and if it fails to break through, it might drop back to $105,000 at any time!

Ethereum is also not idle today, directly breaking through $2,600 with a daily increase of 3.2%. The Ethereum Foundation is investing in a "trillion-dollar security plan" and is also upgrading scalability technology, which looks promising in the long run. However, funding has not yet fully reached a consensus, and the growth rate is lagging behind Bitcoin. Technically, if it stabilizes above $2,500, there is still upward momentum, but if it falls below $2,450, it might drop directly to $2,300.

Key Points!

• For Bitcoin to break $110,000, it must volume break through $108,000! If it falls below $106,000, retreat immediately!

• For Ethereum, you can try a light position between $2,500 and $2,550, with a target of $2,650, but if it falls below $2,450, stop loss immediately!

• Currently, market sentiment is becoming more cautious, and the battle between bulls and bears is intense. Be careful not to play too aggressively with leverage; watch out for liquidation!

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