BTC
Currently, the market share of Bitcoin is gradually decreasing, which is a good thing for altcoins. However, Bitcoin is in a rather awkward position right now, experiencing fluctuations at a high level without breaking the downward trend line. At present, it is in a triangular consolidation phase. It is important to pay attention to whether it can stabilize at the daily level. If it cannot stabilize, it will still oscillate back and forth within the range, which may affect the overall market. Currently, at this position, the four-hour level should pull back to around 115300. As long as this level does not break, it will continue to accumulate strength to the upside, with support at 115300-114100 and resistance at 117400-118300~118700.
ETH
Ethereum has successfully risen above 4000 according to expectations over the past few days. With Bitcoin continuing to consolidate, the window for altcoins has opened. However, looking at Ethereum from this position, it is currently near a historical high. Since the beginning of 2024, it has touched the 4000 level three times. Therefore, the 4100 position has accumulated a large amount of trapped positions at a high level, which will certainly lead to relatively significant divergence. What I want to express is that for traders with average skills, the risks and opportunities at this position are equally significant. However, I still maintain my viewpoint that it is highly likely to continue upward from this position. The last monthly golden cross occurred in October 2023, and this time there has been another monthly golden cross, but it has been more than two years since then. Support levels are 4000 (aggressive) - 3878 - 3620.
SOL
As long as it stabilizes in the range of 183 to 189, it will move towards 200.
Pay attention to altcoins SOL, UNI, JTO, RAY, SUI.
