Waking up to find that U.S. stocks are continuing to rise before the market opens, with a decent increase, Bitcoin has also temporarily broken through $93,000. Indeed, there are favorable stimuli. Firstly, Trump indicated during the SEC chairman's inauguration that he has no intention of firing Powell, which is speculation by the media. Secondly, he stated that he will significantly reduce tariffs on imports and will not take a hardline stance. As a friend said, the only one who can defeat Trump is the Trump of the next day. Currently, S&P and Nasdaq futures are up about 1.5%, and long-term U.S. Treasury yields have started to decline, indicating a gradual optimism in the market, but we still need to pay attention to the GDP data at the end of the month. After BTC broke through the downward trend, it experienced a period of consolidation, then broke upward again. Last night, the price accelerated after breaking $90,000, with the short-term high reaching around $94,000, an increase of about $10,000 over the past couple of days.
Currently, shorting is still not an option; the smaller scale has not yet peaked, so we can wait for a pullback to go long or scout for undervalued coins.
After Bitcoin strongly broke through the resistance at $92,000, this position has become support. Any retracement will likely test the $92,000 level. If it can hold above $92,000 this week, there will likely be a rebound next week.
Today's fear and greed index is 72, indicating market sentiment has turned to 'greed'—
It's been a long time since I've seen this indicator in the green section; sentiment is rising!
Why is BTC so strong?
The U.S. dollar is depreciating, and the BTC safe-haven narrative is heating up again;
Gold hits a historic high, with funds flowing into BTC;
U.S. tech stocks surged, benefiting BTC;
Trump's favorable remarks have improved market expectations;
Despite the sharp drop in BTC, there is upward demand, and traders are full of enthusiasm.
ETH target remains to be determined.
Yesterday, Ethereum opened around $1630, bringing the pattern above $1800. Are you still in? The trend seems to face resistance around $1810, with the next resistance at $1880. The upward momentum is still present, and it's still possible to hold on.
After the rebound in the market, friends who missed out should not blindly chase after the rise. Entering the market now is no longer cost-effective. Patience is needed to wait for a pullback, and it must not break below support for it to be a good entry point.
Altcoins are starting to follow suit.
It started with the explosion of coins from delisting and the observation zone. Yesterday, the gaming sector surged, and today, FIS is skyrocketing, hoping to drive the staking sector to take off.
Mainstream altcoins slightly outperformed Bitcoin: Ethereum rose by 11.2%, Solana by 9%, XRP by 6%, while Dogecoin surged by 12% on news of support from Musk's X platform integration. The trend of capital concentrating on Bitcoin highlights the rising market risk aversion, as investors view Bitcoin as a 'core asset' rather than a risky speculative target.
So far, the focus remains on MEME and AI in altcoins, both of which have seen significant increases. In this cycle, MEME and AI continue to be the mainstream narratives. As always, it's best to eat and run.
MEME coins: Fartcoin, Troll, and other MEME coins surged significantly. Fartcoin is one of the leading rebounders on the SOL chain, entering the top 5 by market cap in MEME, while Troll is a strong manipulated market, listed on Binance Alpha and Moonshot.
AI-related cryptocurrencies: Dark, Zerebro, Arc, Virtual, Aixbt, Lumo, and other AI-related cryptocurrencies rebounded. Dark is an MCP concept, and Lumo received funding from NVIDIA.
XRP: A decisive battle at the critical resistance level!
XRP is gaining momentum, preparing to challenge the critical resistance level of $2.24! After rebounding from a low point recently, XRP has been steadily climbing. If it can break through this level, the next target is aimed directly at $2.40! Although trading volume appears cautious, technical indicators show strong bullish signals, with RSI continuing to rise, and the 50-day and 100-day moving averages also suggesting a potential trend reversal. If it can successfully stay above $2.23, XRP may welcome a new round of breakout!
SOL: Short-term rebound confirmed, $150 is key!
Solana (SOL) short-term rebound signal has been confirmed, with the price stabilizing at $140, and technical indicators are fully bullish! The 26-day moving average has broken above the 50-day moving average, indicating a strengthened short-term trend, with the RSI still having room to rise. If it can break through the $150 resistance, SOL may start a new round of upward movement!
Therefore, the GDP data to be released at the end of the month will be crucial. If the data performs strongly, the market may rise further. Conversely, upward momentum may quickly dissipate.
Before the fundamentals are clear, any rally should be seen as a rebound, especially with low volume increases.
We need to learn to 'buy in panic and sell in rallies.' Oversold rebounds are often a good opportunity to reduce positions in batches.
