Today is the 24th, and since the 21st, our view is that the previous high is likely to break. Our approach is not to participate again after breaking the new high because of the Pizza Festival, New High Day, and the FOMO emotions caused by the presidential dinner, which can easily lead to speculative bets from cautious bulls, triggering a spike. Last night, Trump mentioned considering increasing tariffs on Europe, causing Bitcoin to drop over $4000 temporarily, with most altcoins experiencing a similar pullback, essentially erasing the gains made over the last two or three days, or even more.
Bitcoin formed a bullish engulfing pattern on the daily chart yesterday, closing below the previous high. On the hourly level, a bearish pattern formed last night, so it doesn't count as a spike. The other altcoins will have to wait until the next four-hour level finds a low point and rebounds before testing again.
Intraday Support 105500-106600
Intraday Resistance 110000
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