Just now, the three major U.S. stock indices opened high and rose higher. Bitcoin has been oscillating at high levels for 11 days, consistently showing a range of fluctuations, which is actually a good phenomenon. This aligns with my earlier statement that the main forces have already arrived at Ethereum. Currently, there is still a crazy inflow on-chain. The spot Ethereum ETF, led by institutions like BlackRock, has seen net inflows for eight consecutive weeks, with $226.4 million raised just last week. The average weekly inflow over 11 weeks accounts for 1.6% of managed assets, significantly exceeding Bitcoin's 0.8%. In terms of market share, Ethereum has awakened and is repeatedly sprinting towards the 3800 level and stabilizing. I believe it's just a matter of time; achieving this within the week is not a problem. Under Ethereum's leadership, SOL is also ushering in a wave of spring, and altcoin market caps have finally broken through, reaching a higher peak. Currently, market retail sentiment has entered a high state, and there is a high probability that an accelerated structure will soon appear, leading to an accelerated market, also known as the altcoin season we have been waiting for. Undoubtedly, retail holders of altcoins will also welcome their spring. Currently, for us old investors, the market sentiment has not yet entered an absolute FOMO stage, so we still say: prioritize buying low. The daily reports on the 15th and 16th have consistently highlighted mainstream assets like SOL, XRP, DOGE, UNI, etc. As for how many people have taken this to heart, it remains unknown. This week, there is only one noteworthy news event: the unemployment claims data on Thursday night.
From the news perspective: Bitcoin's daily line shows the previous K line closed below the 7-day moving average with a bearish candle. It opened today with a rebound, retesting above the 7-day moving average. The Bollinger Bands show signs of contraction, and the short-term moving averages continue to run upwards. On the hourly chart, the price tested the lower band and then rebounded, facing resistance at the upper band. The Bollinger Bands are operating in a narrow range with signs of contraction, and the short-term moving averages are fluctuating around the middle band. The overall trend aligns with the expectations mentioned earlier, continuing to adjust and oscillate within the range. The 4-hour technical indicators have shown signs of a trend reversal, expected to occur in the next couple of days. The short-term strategy remains unchanged, treating it as a range for now, and waiting to plan again after the trend reversal.
Bitcoin 4h Support: 117372 Resistance: 119732
Ethereum 4h Support: 3750 Resistance: 3852
Today's Fear Index: 72 (Greed) 4-hour Long-Short Ratio: 50.7% / 49.3%
Daily Hot News:
🪅 The NASDAQ Composite Index has expanded its gains, breaking through 21000 points for the first time.
🪅 SOL treasury company Upexi announced the purchase of 100,000 SOL for $17.7 million, bringing its total holdings to 1.82 million SOL.
🪅 Trump Media & Technology Group announced that its total Bitcoin reserve purchases have reached $2 billion.
🪅 Last week, the U.S. spot Ethereum ETF saw an inflow of over $2.1 billion, setting a record for the largest single-week net inflow since its launch.
