Brothers, the market is celebrating as I wake up! The bears must have been on pins and needles last night, and those holding short positions at low levels must have had a sleepless night. As a staunch 'bull leader', it’s hard to hide my joy seeing such a surge—just as I repeatedly emphasized the 'wait for the bulls below' strategy during the recent pullback, Bitcoin (Big Cake) and Ethereum (Second Cake) surged strongly after briefly breaking the first support level last night, and partners who followed the strategy have already profited!
Currently, the Big Cake has reached the key pressure level near 99400. If this level cannot be effectively broken, it is highly probable that a sideways consolidation will form at the top in the short term, leading to a small-level pullback and pushing the large level into a sideways phase; if a breakout occurs, the large upward space will be opened, with 102400 - 106500 likely becoming the next target for an assault. Looking back at last night’s Federal Reserve meeting, regardless of whether interest rates remain unchanged, the market's expectation of three rate cuts within the year is the core driver. If there is no action in the first half of the year and concentrated rate cuts in the second half, the crypto market will soon break historical highs. I remind friends still holding positions that going with the trend is the way to go; buying during pullbacks is the current main theme, while going against the trend is akin to 'licking blood on the knife edge.'
In addition, JPMorgan has revealed that Huang Mao will announce significant news before visiting the Middle East next week, and many investors have already bought a large number of call options. After the news is released, if it is positive, the market is expected to continue its upward trend; if it is negative, caution is needed for a large price correction.
Next, I will bring you an in-depth analysis and operational strategy for today’s market trends for various cryptocurrencies:
1. Bitcoin (Big Cake): Today, focus on the key support level of 98500. If the price holds this level during the pullback, the upward momentum will continue, first challenging the previous high of 99400. If it cannot break through, a small-level pullback will occur; if it successfully breaks through, the upper pressure levels will be 100370, 101350, and 102445 in order. If it unfortunately falls below 98500, a small-level correction will start, with lower support levels at 97730, 96850, and 95800.
2. Ethereum (Second Cake): Today, closely watch the support level of 1860 during the pullback. As long as this level is not broken, the market is expected to continue its upward trend, first testing the previous high of 1915; if it encounters resistance, a small-level pullback will occur. If it breaks through the previous high, the upper pressure levels will rise to 1957, 2003, and 2037. If it falls below 1860, a small-level correction will begin, with lower support levels at 1830, 1807, and 1785.
3. SOL: Today, focus on the support level of 148.2. If the price holds this position during the pullback, the upward trend will continue, first challenging the previous high of 151.9; if it fails to break through, a small-level pullback will occur. If it successfully breaks through, the upper pressure levels will be 154.7, 157.2, and 159.4 in order. If it falls below 148.2, a small-level correction will start, with lower support levels at 145.4, 143, and 140.2.
The market is highly volatile, with major news frequently emerging. It is advised to closely monitor key level breakouts and strictly set stop losses and take profits while reasonably controlling positions. Only by going with the trend can you progress steadily in this wave of crypto!
