Last night, Bitcoin surged to $120,000, and Ethereum skyrocketed to $3,444. Yesterday, TMD mentioned in an article (Crazy Rise! Is Bitcoin About to Surge Again? Ethereum Skyrocketed to $3,200, How High Can Ethereum Go in a Bull Market?) that Bitcoin's 4-hour resistance was around 119,500, and if it fails to rebound above this level, there will be a short-term shorting opportunity. If it breaks through this level, there is no need to test 115,000, and it can go straight up to [120,600-121,400]. BTC fell short of the expected target by a few hundred dollars. The strategy yesterday was to short around 119,500 and 122,000, with a stop-loss at the previous high. As of now, there is a profit of 1,000 points, and I will take profits and exit. Do not have a rigid pattern for shorting; yesterday's long positions can continue to be held until around 12,200.
Yesterday, Bitcoin briefly rebounded to $120,000, but the rebound volume was relatively small, and the closing price was below the middle position of the candlestick, indicating that buying pressure is still relatively weak. Therefore, Bitcoin may experience a downward oscillation next, but the downward space in the short term is limited, and it should find support at the upper edge of the support box. The lower support is at 117,700, 116,000, and 115,000. If it does not break below 115,000, there is no need to consider shorting; breaking below 115,000 may weaken the market.
In summary, it is a consolidation pattern. Currently, Bitcoin needs to stabilize above 118,500 to look at [121,300-121,800]. If it effectively breaks below 115,000, then look at [112,500-113,300]. As long as the pullback support does not break, consider going long at lower prices. Go long, be bullish, and be sure to control emotions; do not be too aggressive, and manage your position. The opportunity for downward adjustment is also the opportunity to enter the market. There is no need to be afraid of heights now, as there is still room to rise. It is just a matter of the depth of the adjustment, the short-term issues of the day, and slightly bearish oscillations. If you cannot grasp shorting well, then go long. If you don’t know how to trade, just experience it in the community.
At this time, BTC is ranging between 117,455 and 119,700, not breaking down or breaking up. It's best to spend more time oscillating back and forth. This is because the pullbacks and rallies of ETH and SOL from the day before yesterday to today are controlled by BTC's sideways consolidation in this range. After BTC breaks through 123,300, it will suck up again, and the rise of ETH and SOL will be slightly weaker than the current level. So after BTC reaches a temporary high, it will first correct before slowly trending upwards, which is good for other coins. Because BTC is currently waiting for ETH and SOL to catch up.
ETH
Ethereum's price has strongly broken through the upper pressure of the weekly K-line and is standing above the upper track, with no signs of weakening in indicators. The overall direction is bullish. 3,423 is not the peak; the upper pressure to watch is at 3,500 and 3,630. From the daily K-line perspective, there is a need for a pullback, and the RSI is turning down from the overbought high position, indicating a short-term pullback in the 4-hour level.
The lower support to watch is at 3,300, 3,230, and 3,120; only after pulling back to these positions can long positions be considered.
Ethereum has no shorting plans and is currently in a strong upward trend. TMD currently has long positions and is taking profits in batches, securing gains. There are no shorting plans at the moment, and any plans can be asked of TMD at any time.
In the past two days, some altcoins have taken the lead, such as SOL, CRV, BONK, MOODENG, etc. These coins have been recommended by TMD in various articles, and fans who followed TMD's layout have made substantial profits. TMD will continue to share a wave of coins expected to rise in the community, so everyone can pay attention.
Which coins are going to skyrocket?
TEARS: Currently, there is a significant influx of funds, mainly from Smart Money wallets. There are obvious signs of accumulation, including concentrated buying from several large whale wallets, especially the wallets of the project party that have started to replenish positions. The candlestick is currently consolidating in the 7–8M range, suspected to be in a buildup phase. In the short term, it is expected to reach three target points: 15M, 20M, 30M. Once Trump mentions the opposing camp in public, it will become the FOMO trigger for the $TEARS community sentiment, and a key moment for 'to the moon' may come.
WIF: The price has been in an upward channel, but there has been no accelerated rise on the daily level; it is just rising slowly. It still lacks a wave of accelerated growth, so it can wait for a pullback near the lower edge to consider entering long at around 1U, betting on an accelerated rise.
Ethfi: Overall in an upward trend, the short-term price has broken through the oscillation range and is starting to pull back upwards, so it can enter long positions in batches in the 1.3-1.27 range, with the defense set around 1.2U. An accelerated rise may occur at any time, and once ETH stabilizes at a high position, it will provide an opportunity for other altcoins to catch up, so it's good to have a position ready.