Bitcoin soared to 120,000, increasing by 6000 points overnight! Ethereum rose to 4300, just a step away from the historical high!
BTC
Bitcoin is fluctuating upward, after a false breakdown it truly breaks through, closing the week at $118,000, engulfing the previous week's bearish candle, momentum is strong, breaking $123,000 is key. The daily chart shows an AMD distribution pattern; a drop below $116,000 is for institutions to accumulate, then rebound to confirm support, currently at the end of distribution, not advisable to chase long positions.
Near the previous high of Bitcoin, short-term segments can consider partial profit-taking before betting on a breakout, with potential key positions for bulls entering during the day. On the daily, a minor correction at 120.3-120.8k before breaking the previous high of 123.3K, the next target is 123.4k (equidistant target).
Long position: My followers who bought at the bottom from 112100 have been holding on since the opening. For those without long positions, the BTC CME gap is between $118,405 and $119,110. The probability of this gap being filled is quite high, so keep an eye on it and consider entering a bit.
Short position: If you want to short BTC, this month's short points have moved up to: 125000 (short-term short), 129600 (long-term short)
ETH
Ethereum (ETH) often starts to rise after a false breakdown, not much analysis, just bullish. I used Fibonacci extension to measure several key target prices, and my personal target is 4500.
Currently, ETH has shifted from a unilateral rise to a fluctuating upward box pattern. The key end point of the upward trend at the hourly level, I believe, is if the price effectively breaks below 4150, forming the first downward box.
If you want to make a short-term long position, the entry opportunity is after the price pulls back to 4150 and shows a valid rebound. The first target is the upper edge of the box at 4325, and the second target is after breaking the box, expected to reach 4490 (calculated based on box height).
SOL
SOL has six consecutive green days, forming a V-shaped bottom, breaking through all moving average pressures, and returning to the rising channel. MACD is turning upward, likely forming a golden cross above zero, indicating a new wave of rise, with a target to challenge the 200 resistance level.
Shanzhai
Bitcoin (rising to 120,000), Ethereum (rising to 4300) skyrocketed, now the main line in the crypto circle is 'ETF bull', coins with ETFs are stronger.
ETF bull market characteristics:
① Chains with ETFs (like BTC, ETH) are at the top, first attracting stable large funds;
② After that, funds may flow from these main chains to ecosystems (like ETH's DeFi, Layer2, popular meme coins), prioritizing benchmark assets (like UNI, ARB, popular memes), rather than being evenly distributed.
BANANAS31: This bananas31 is amazing, directly a big bullish candle, earning a profit of 728% Z increase, comfortable!
SWARMS: Now that it has dropped, there is still a profit of twenty to thirty points, yesterday 0.21 sounded the charge, and then it soared all the way to 0.34, the highest rise was over 50 points, who else!
LDO
LDO price has broken through the key resistance zone of $1.12–$1.15, which has been blocked multiple times in 2024-2025, confirming a bullish trend; the weekly MACD has formed a golden cross and the histogram is expanding positively.
This week's trading volume reached the largest buying volume since early 2024, indicating concentrated capital entry, which may continue to rise in the coming weeks. The short-term target is $1.48, and after breaking through, look towards $1.74, with further breakout potentially challenging the $2.50–$3.00 range.
On-chain
SLERF
The sloth official Twitter said it will restart, which likely means that the main force has finished accumulating chips! At the same time, the daily level has also shown volume, and the behavior of accumulating chips at the weekly level is very obvious! The market value is only about 30 million now, and selling at this moment has no value for the main force! A explosive 1-2 times surge is very likely to occur! I also accumulated some here, the cost-effectiveness is indeed quite good.
