US stocks hit a new high, when will Bitcoin reach a new high?
Today is the last trading day of the week for Bitcoin, with a strong bullish candle closing. Last week, I mentioned waiting for a breakout to consider adding positions; if it doesn't break out, just maintain a wait-and-see approach and accumulate.
Currently, on Monday, the market is in a correction phase. This correction is a regular adjustment on the weekly chart. Even if there isn't a correction on Monday, there will definitely be a correction in the coming days; it's just that the timing and the movement will differ. From today's market perspective, it is expected that there won't be too much adjustment. Since the US stocks reached a new high, Bitcoin has not yet exited the high-level consolidation phase. From a cyclical perspective, the bullish outlook remains unchanged, and any corrections present buying opportunities. Don't let your guard down, as there is always a risk of a turnaround. Be patient; currently, Bitcoin's operational space is limited, with resistance at 109500 above and support at 105500 below.
Ethereum remains above the middle track, but from a naked candlestick perspective, there is a risk of a pullback near the trend line. It is not advisable to make too many operations before clear signals appear; just hold onto the low points you have accumulated. Resistance is at 2550 above, and support is near 2330 below.
For Solana, the pullback has been confirmed, and it is expected to continue strengthening in the future. The daily chart has not broken below the price of 145, and there are not many issues. There is operational space!
For XRP, if you want to operate, you need to wait a bit longer; it is expected to consolidate for some time, so continue to maintain a wait-and-see approach.
Regarding BGB, I mentioned last week about a V-shaped recovery, and it looks good so far. It is expected to continue strengthening after a pullback, so just hold onto what you have.
Doge is expected to have a good upward trend this week; it just depends on how strong it will be. We just need to stay in the market. Currently, Dogecoin's consolidation period is extended, so we must be patient. As the market improves, the rebound strength of old coins won't be too bad.