Firstly, Trump indicated at the SEC chairman's swearing-in ceremony that he has no intention of firing Powell. These are all speculations from the media. Secondly, he stated that tariffs on East Asia would be significantly reduced and would not take a hardline stance.
After BTC broke the downtrend, it experienced a period of fluctuation, followed by another upward breakout. Last night, after breaking 90,000, the price accelerated upward, currently touching a short-term high around 94,000, with an increase of about 10,000 in the past two days.
Currently, shorting cannot be considered as the smaller levels have not peaked. Therefore, one can wait for a pullback to go long or look for undervalued coins.
After Bitcoin strongly broke through the resistance at 92,000, this level has become support. A pullback will likely test the 92,000 mark again. If it can stabilize above 92,000 this week, there will be a rebound next week.
Today's fear and greed index is 72, market sentiment has turned to 'greed' —
It has been a long time since I saw this indicator in the green zone; sentiment is rising!
Why is BTC so strong?
The depreciation of the dollar has made the BTC safe-haven narrative hot again.
Gold hits a historical high, and funds flow into BTC.
US tech stocks surged, benefiting BTC.
Trump's positive news has raised market expectations.
Despite the significant drop in BTC, there is an upward demand, and traders are filled with enthusiasm.
ETH target reached.
Yesterday, Ethereum opened around 1630 and pushed the pattern above 1800. Are you still in? The trend seems to face resistance around 1810, and the next resistance is near 1880. The upward momentum is still present, and it can continue to hold.
After the market rebounds, friends who missed the opportunity should not blindly chase the rise. Entering the market now is no longer cost-effective. It is necessary to patiently wait for a pullback, and it must not break the support level to be a good entry point.
Altcoins are starting to rise.
It all started with the explosive pullback of coins delisted and in the observation zone. Yesterday, the gaming sector experienced an explosive pullback, and today, FIS is surging to see if it can drive the staking sector to take off.
Mainstream altcoins have slightly outperformed Bitcoin: Ethereum is up 11.2%, Solana is up 9%, XRP is up 6%, while Dogecoin has risen 12% due to news of integration support from Musk's X platform. The trend of funds concentrating on Bitcoin highlights the rising risk aversion in the market, with investors viewing Bitcoin as a 'core asset' rather than a speculative target.
So far, MEME and AI are still the focus in altcoins. These two sectors have seen significant increases. In this cycle, MEME and AI remain the mainstream narrative. As always, eat and run.
MEME coins: Fartcoin, Troll, and other MEME coins are surging. Fartcoin is one of the leading rebounders on the SOL chain, entering the top 5 by market cap, while Troll is a strong player, launching on Binance Alpha and Moonshot.
AI-related cryptocurrencies: Dark, Zerebro, Arc, Virtual, Aixbt, Lumo, and other AI-related cryptocurrencies are rebounding. Dark is a Mcp concept, and Lumo has received funding from Nvidia.
XRP: A decisive resistance level!
XRP is building momentum, preparing to challenge the key resistance level of $2.24! Recently rebounding from a low, XRP has been steadily climbing. If it can break through this level, the next target will be $2.40! Although trading volume appears cautious, technical indicators show strong bullish signals, with RSI continuously rising, and the 50-day and 100-day moving averages also suggesting a potential trend reversal. If it can successfully hold above $2.23, XRP may welcome a new round of explosive growth!
SOL: Short-term rebound confirmed, $150 is key!
Solana (SOL)'s 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 through the 50-day moving average, showing a strengthening short-term trend, and RSI still has room to rise. If it can break the $150 resistance, SOL may start a new round of increases!
Therefore, the upcoming GDP data to be announced at the end of the month will be crucial. If the data performs strongly, the market may rise further. Conversely, the upward momentum may quickly fade.
Before the fundamentals become clear, any rise should be regarded as a rebound, especially with low volume increases.
We need to learn to 'buy in panic, sell in rise.' Oversold rebounds are often good opportunities to reduce positions in batches.
Lastly, there are many things that haven't been written down, such as specific opportunities and decisions. These things are often beyond the scope of a single article.
