One, Fundamentals: The status of crypto assets skyrockets, institutional financing verifies industry value

1. BTC's market cap surpasses Google, rising to 5th in global asset rankings

Bitcoin's market capitalization has surpassed its historical high, successfully exceeding tech giant Google, ranking fifth globally, while the total market capitalization of the crypto market also breaks through 4.2 trillion USD. This milestone event not only reflects the increased global recognition of crypto assets but also indicates a rising demand for 'anti-inflation + decentralized' asset allocation.

2. The Fed's dovish tone re-emerges, increasing flexibility for interest rate cuts

Chicago Fed President Goolsbee stated: If the job market worsens, interest rate cuts will 'inevitably occur'; if inflation moves towards the 2% target, the possibility of 'early rate cuts' cannot be ruled out. This statement further strengthens market expectations for easing policies, providing liquidity support for crypto assets.

3. Block issues 2.2 billion in senior bonds, accelerating the fusion of Web2 and Web3

Payment giant Block has increased the bond issuance scale from 1.5 billion USD to 2.2 billion USD, and its Cash App has deeply integrated Bitcoin buying and selling functions, with BTC revenue proportion continuing to rise. The successful financing of such enterprises marks industry recognition of crypto payments and settlement scenarios, and is expected to drive the capital backflow of BTC and ecological coins (inscriptions, payments, public chains) in the short term.

Two, BTC Technicals: After breaking new highs, the target is 135K, beware of short-term pullbacks

The new trend that started from 112K at the beginning of the month has been fully established; the daily line shows a large bullish candle breaking the historical high, completely dispelling bearish doubts. Core characteristics are as follows:

4-hour rhythm and intraday strategy

After continuous volume increase in the US market, there was a morning spike followed by a drop, indicating a possible short-term pullback near 122K. Intraday operations focus on:

  • Support area: 122K-121K (pullback repair level + MA5 daily average), stabilizing here can lead to low buying;

  • Resistance area: 124K-125K; breaking through continues the accelerating trend, targeting directly at 130K.

Three, ETH Technicals: Breaking through the 4800 target; volume signals need to be wary of short-term pullbacks

Breakthrough milestones and volume characteristics

The goal of 'challenging 4800 points' was achieved this Monday; after ETH consolidated at 4150 for two days, it surged significantly for two consecutive days, just a step away from the historical high. The technical outlook is as follows:

Support and operation plan

Bullish view remains unchanged, but key defense levels need to be secured:

  • Intraday support: 4720 (MA5 daily average) and 4640 (recent rising platform), pullbacks to this range can be low buying;

  • Resistance targets: 4800 (near historical high) and 4850, breaking through opens up new upward space.
    The lower range of 4600-4570 is a strong support area; failure to hold requires caution for a phase adjustment.

Four, Altcoins: Rotation shifts to Bitcoin ecology, three major sectors hide opportunities

After Ethereum leads and boosts market sentiment, the early morning market shows that capital is beginning to shift towards BTC and related ecosystems, with altcoin rotation showing a new direction:

  1. Bitcoin inscription sector: BTC's new high drives the inscription ecology to be active; targets like Audi and SATS can be monitored for capital support strength;

  2. Web3 payment sector: Benefiting from Block's financing event, tokens like XLM with cross-border payment scenarios have the potential to hit new highs;

  3. Public chain and L2 ecology: The leading L2 ARB has risen significantly; other popular coins in the sector may have rebound opportunities, and volume expansion signals can be tracked.

Currently, altcoins need to closely follow the rhythm of capital rotation, prioritizing targets with 'strong mainstream coins + increased sector volume', and avoiding chasing overly hyped projects.

Risk Warning: Volatility will increase after the crypto market hits new highs; the above analysis is merely a personal view and does not constitute investment advice. Operations require strict setting of stop-loss and take-profit.