Evening Market Analysis: Currently, BTC has been rising for 93 hours, with four consecutive days of gains (100300-108000), which is a very strong bullish signal. This wave of increase is expected to leave several people behind. A few days ago, I mentioned in the live stream that 100600 is a good point to go long, and not to short anymore. Hold for the long term; this position is a very good price. Currently, BTC has experienced a significant drop due to the conflict between Uncle Chan and Musk, but after three days, it has regained its losses and escaped the downtrend channel, returning to a bullish trend. In a bull market, it is better to be stuck in long positions than in short positions (short positions are hard to resolve) because the downside potential is very limited while the upside potential is infinite. The resistance levels above BTC are: 109500, 112000, 116000, 120000 (Figure 1).
As for ETH in Figure 2, ETH has been performing weakly in recent days. Today, institutional funds have bought nearly 800 million USD worth of BTC, while ETH has only seen a meager 27 million USD in inflows, so ETH naturally has not shown a significant increase. However, there is no need to rush; good things take time. Just hold on for the long term. ETH has formed a deformed W bottom, and we look forward to a nice stretch in the future. The next key resistance level is at 3000, and if it holds here, it will aim for the next target of 3600 (at that time, BTC should reach around 130,000). Just be patient and hold.
Regarding SOL, it has also been quite weak recently. After the significant pullback a few days ago, it directly dropped to the neckline position of 141, where a new upward trend has begun. The trend line has reversed, and the resistance levels above are: 164, 168, 180 (Figure 3).
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