The 4-hour chart of Bitcoin is very healthy, currently racing towards 110,000. Listed companies are scrambling to buy Bitcoin, so every dip is the best entry opportunity, without a doubt.
The biggest resistance at the 4-hour level is now 110,000. If it can effectively stabilize above this level, the market will regain its upward momentum, and as we enter July, altcoins will gradually recover. If it cannot hold above 110,000, then short-term fluctuations and adjustments will continue.
Why do altcoins fall but not rise?
Currently, the altcoin sector is diverging from Bitcoin's movement: when Bitcoin rises slightly, altcoins generally correct. The core reason lies in the market's mixed views on the 110,000 resistance level — some investors worry about the "peak of the bull market" and are hesitant to aggressively push up altcoins. However, a turning point is brewing.
The ETF application window: In the second half of the year, several mainstream altcoins will apply for U.S. spot ETFs. If approved, it will attract institutional funds, driving the altcoin sector.
Catalyst for Bitcoin breakout: Once Bitcoin stabilizes above 120,000, market consensus will quickly coalesce, and funds will spread towards undervalued quality altcoins. Caution is needed, as we still need to avoid purely speculative tokens and focus on coins with real applications.
At this current juncture, Bitcoin is in the early stages of traditional funds entering the market. With the Hong Kong pilot program advancing, expectations of U.S. Federal Reserve interest rate cuts rising, and a deepening corporate allocation trend, 110,000 is by no means the endpoint of this bull market. From 20,000 to 100,000, and then to a future target of 150,000, the transformation of the crypto market has only just begun — and those investors who steadfastly hold the trend amidst the divergence will ultimately witness history.
