牛市10萬U挑戰

Arizona, USA passed the "Bitcoin Strategic Reserve Act", allowing up to 10% of state public funds to be invested in BTC

The Arizona Senate Finance Committee passed the "Strategic Bitcoin Reserve Act" (SB1025) on January 27, 2025. The bill, co-sponsored by Sens. Wendy Rogers and Jeff Weninger, would allow the state to transfer up to 10% of its public funds, including funds held by the state treasury and retirement systems, into Invest in digital assets such as Bitcoin.

In addition, the bill stipulates that state government digital assets will be stored in secure segregated accounts. The bill currently heads to the Senate Rules Committee, which will set parameters for debate and revision in the chamber. If approved by the full Senate, the bill will go to the House for consideration. If passed, Arizona would become the first U.S. state to invest public funds in Bitcoin.

It can be regarded as a signal for the next wave of bulls. Bitcoin is not far from the next wave of explosion, which means that the altcoin season has also begun.
#比特幣戰略儲備法案

sol retracement long entry points

0.786 256.94 entry stop loss at 251

0.618 251.10 entry stop loss at 247

Set proper stop loss
$SOL

Bitcoin got on board yesterday, so you should be making money, right?

Also retrace to Fibonacci support and go long

0.786 97036 0.618 95259 Get on the bus

Stop loss at 97036, get on the bus, stop loss at 96000, get on the bus at 95259, stop loss at 94000

You can get about 120,000 to 130,000 for this order.

Today’s new sol entry point is $BTC

Bitcoin has reached another high point. According to the one-hour Fibonacci retracement, 0.786 is 96317 and 0.618 retracement is 94693, both are entry opportunities.

As always, buy on dips and set a stop loss at 94000.

According to the five-wave theory, we are currently in the third wave, the strongest wave. The target price is not much different between the weekly and four-hour charts, approximately between 127000-129000.

Why did institutions push the price up to 94000 this morning? Because they are confident in pushing the price to 170000-200000. The reason the price has not seen a major correction is that the entry price for institutions is already so high, they are unlikely to let you buy at a price lower than theirs. The prices available to buy in the future will only get higher.

So there’s no need to worry about the price being too high. After next week, basically, you won’t be able to buy Bitcoin below 100000. The price below 100000 might be the last opportunity for retail investors provided by institutions.

Cherish the last entry opportunity, everyone.

#BTC再创新高97k

One Hour Level Fibonacci Chart Bitcoin Possible Retracement Position

0.236 Retracement to 95697

Do not panic if it retraces to this position

If there is a retracement, it's a good opportunity to enter

If it doesn't retrace to 0.236

It means the buyers are too strong

The price may continue to break through

After the breakthrough, I will draw again to find the next retracement point

The key point is still

Retracement to go long Retracement to go long Retracement to go long

Bitcoin Five Wave Structure Forecast (Weekly Level and 4-Hour Level Comparison)

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Weekly Level Five Wave Structure

1. First Wave:

Starting Point: 24901

Ending Point: 73777

Increase: 48876

2. Second Wave:

Starting Point: 73777

Ending Point: 49000

Retracement: 24777

3. Third Wave:

Starting Point: 49000

Ending Point: 128045

Increase: 79045

4. Fourth Wave:

Starting Point: 128045

Ending Point: 97855

Retracement: 30190

5. Fifth Wave:

Starting Point: 97855

Forecast Target: 146731 to 176900

---

4-Hour Level Five Wave Structure

1. First Wave:

Starting Point: 66835

Ending Point: 93265

Increase: 26430

2. Second Wave:

Starting Point: 93265

Ending Point: 86668

Retracement: 6597

3. Third Wave:

Starting Point: 86668

Ending Point: 129423

Increase: 42755

4. Fourth Wave:

Starting Point: 129423

Ending Point: 113085 to 119330

Retracement: 10093 to 16338

5. Fifth Wave:

Starting Point: 113085

Forecast Target: 139500 to 139515

Please refer to the chart for operations, currently belongs to the strongest third wave, the target price at the 4-hour and weekly levels is only 1000 apart.

Buy on dips Buy on dips Buy on dips

$BTC
#

Using the 'Top Logarithmic Growth' method to estimate the peak of Solana's bull market

1. Historical peak prices

First, understand the historical peak prices of Solana during past bull markets:

2021 Bull Market: Solana's historical highest point was approximately $260 (November 2021).

2. Growth multiple estimation

If we want to use past growth multiples to estimate future prices, we can refer to the growth of other similar assets or directly base our estimates on Solana's historical performance. Let's assume we also use Bitcoin's growth multiple as a reference.

3. Assumed growth multiples

Considering that Solana is a relatively young project and market demand is still growing, here are some scenario estimations of growth multiples:

Conservative scenario (2-3 times): If the future bull market growth is relatively conservative:

2 times: SOL may reach $520.

3 times: SOL may reach $780.

Neutral scenario (4-5 times): If market demand grows steadily:

4 times: SOL may reach $1,040.

5 times: SOL may reach $1,300.

Optimistic scenario (6-8 times): If market demand exceeds expectations:

6 times: SOL may reach $1,560.

8 times: SOL may reach $2,080.

4. Factors affecting prices

When estimating Solana's future price, the following factors should be considered:

Technological developments: Improvements in Solana's technology and growth of the ecosystem (such as decentralized applications, DeFi projects, etc.).

Market sentiment: The overall sentiment of the cryptocurrency market and risk appetite.

Competition situation: The impact of other blockchain platforms (such as Ethereum, Avalanche, etc.) on Solana.

If we take a conservative scenario (2-3 times growth) and a neutral scenario (4-5 times growth) in estimating Solana (SOL)'s future price, we can consider the following growth multiples:

Growth multiples between conservative and neutral

Growth multiple: 3-4 times
This growth multiple, between conservative and neutral, can more reasonably reflect the potential market demand.

Estimating future prices

Based on Solana's historical highest price of approximately $260, we can estimate as follows:

1. 3 times growth:

Price: $260 × 3 = $780

2. 4 times growth:

Price: $260 × 4 = $1,040

Forecast range

Therefore, based on the estimation between conservative and neutral, Solana's future price forecast range is approximately between $780 and $1,040.
$SOL

Using the 'Top Logarithmic Growth' Method to Estimate Bitcoin's Peak Price

Historical Peak Growth Multiples

1. From the 2013 peak of $1,150 to the 2017 peak of $19,800, an increase of about 17 times.

2. From the 2017 peak of $19,800 to the 2021 peak of $69,000, an increase of about 3.5 times.

It can be seen that the growth multiples between each bull market peak have significantly decreased, indicating that the market is gradually maturing.

Estimating the Next Peak Price Based on Peak Growth Rate

Assuming that the growth multiple for the next peak decreases further, the following scenarios can be predicted:

1. Conservative Scenario (2 times)

If Bitcoin's peak growth decreases to 2 times, the next bull market peak price could be around $138,000.

2. Neutral Scenario (2.5-3 times)

If the growth multiple is slightly higher than the conservative scenario, Bitcoin could reach 2.5 to 3 times, i.e., $172,500 to $207,000.

3. Optimistic Scenario (3.5 times)

If market demand exceeds expectations, Bitcoin's peak could reach 3.5 times, i.e., $241,500.

Key Influencing Factors

Bitcoin's next bull market peak will still be affected by some external factors, such as:

Macroeconomic and interest rate policies: Market liquidity will directly affect investment demand.

Global regulatory trends: Changes in regulation may affect Bitcoin's demand and liquidity.

Institutional capital inflows and competition from other cryptocurrencies: New funds and competitors may influence Bitcoin's market positioning.

Based on these factors, the peak price of this bull market is likely to fluctuate between $138,000 and $241,500.

If we take the growth multiple between conservative and neutral scenarios, we can set Bitcoin's growth multiple between 2 and 2.5 times, making this estimation more consistent with the gradual slowdown of Bitcoin's growth.

Forecasting the Next Bull Market Peak Price (2 to 2.5 times growth)

Based on the last peak price of $69,000:

2 times growth: Bitcoin's peak price could reach $138,000.

2.5 times growth: Bitcoin's peak price could reach $172,500.

Forecast Range

Therefore, considering these estimates, Bitcoin's next bull market peak price is between $138,000 and $172,500. This range takes into account the potential growth of the market while also allowing for conservative growth space. $BTC

BTC/USDT Daily Technical Analysis

1. Current Price:

The current price of BTC is 67,220.80 USDT, with a price change of approximately +0.37% in the past 24 hours.

2. EMA Indicators:

EMA (7): 67,218.47

EMA (25): 65,253.83

EMA (99): 62,750.52

Analysis: The short-term EMA (7) is above the medium to long-term EMA (25) and EMA (99), indicating that the market is currently in an upward trend, and short-term price movements are relatively active.

3. MACD (Moving Average Convergence Divergence):

DIF: 1,508.02

DEA: 1,431.55

MACD Line: 76.46

Analysis: The MACD indicator shows a positive value, indicating that the market still has upward momentum. When the DIF line is above the DEA line, it is usually a buy signal. The current MACD line indicates that the momentum of the upward trend is increasing.

4. RSI (Relative Strength Index):

RSI (6): 55.80

Analysis: The RSI is between 40 and 70, indicating that the market is currently in a neutral zone, without excessive overbought or oversold conditions. However, the RSI is slightly biased towards 70, meaning that if the price rises further, there may be overbought conditions and potential retracement risks.

5. Volume (Vol):

The current trading volume is 6,378.51 BTC, indicating that trading activity in the market is relatively active. An increase in volume often accompanies price rises or falls, so it’s important to continue observing whether the volume continues to grow to confirm the trend.

6. Resistance and Support Levels:

Resistance Level: 71,133.99 USDT (near historical high)

Support Level: 63,404.66 USDT

Analysis: If the price breaks through 71,133.99, it will open up further upward space; however, if it cannot break through, the price may test the support level of 63,404.66 or even lower.

Buy Price:

1. Near Support Level: Consider gradually buying near 63,404.66 USDT, which is a relatively strong support level. If the price retraces to this level, it can reduce risk.

2. Retracement Buy: If the price temporarily retraces to near EMA (25), which is 65,253.83 USDT, short-term buying can also be considered.

Sell Price:

1. Near Resistance Level: 71,133.99 USDT is a key resistance level, suitable for partial or full selling. If the price cannot break through this resistance level, it may retrace.

2. Breakout Sell: If the price continues to rise, consider gradually selling in batches after the price exceeds the resistance level, setting new take-profit points.
$BTC

WIF Daily Technical Analysis

1. EMA Analysis:

The EMA(7), EMA(25), and EMA(99) marked in the chart represent short-term, medium-term, and long-term indicators, respectively. Currently, EMA(7) is at 2.554, EMA(25) is at 2.458, and EMA(99) is at 2.165. The short-term moving average is above the medium and long-term moving averages, indicating a current upward trend. However, this also suggests that there may be a short-term price pullback.

2. RSI (Relative Strength Index):

RSI(6) is currently around 50, indicating that the market is in a neutral state, neither overbought (above 70) nor oversold (below 30). This means there is no extreme buying or selling pressure in the market at the moment, and traders can observe the upcoming trends to decide on actions.

3. MACD Analysis:

The MACD DIF line (0.107) is below the DEA line (0.149), and the MACD histogram also shows negative values, indicating that market momentum is weakening and there may be some downward pressure.

4. Support and Resistance Levels:

Resistance Level: From the chart, the short-term resistance level is around 3.127. If the price breaks through this level, it may rise further.

Support Level: A strong support level is near 2.023, which could be an important rebound area after a price pullback.

Entry, Selling, and Take Profit/Stop Loss Suggestions:

Entry Suggestion: When the price approaches the support level (around 2.023) and the RSI shows oversold signals, it could be a good entry opportunity.

Selling Suggestion: If the price approaches or breaks through the resistance level (3.127) and the RSI reaches the overbought range (above 70), selling could be considered.

Take Profit Level: It can be set near the resistance level of 3.127, depending on the situation, and if it breaks through, the take profit level can be raised accordingly.

Stop Loss Level: It can be set below the support level (around 2.0) to prevent further pullbacks from causing losses.

Other Suggestions:

If you are trading contracts, it is recommended to cautiously set leverage and to properly set take profit and stop loss, especially in situations of high price volatility.
$WIF

Important Bitcoin Events and News in the Last 10 Days

1. Bitcoin Price Surpasses $64,000: On October 14, Bitcoin's price broke through $64,000, resulting in over $100 million in short positions being liquidated. This is the highest price since September.

2. Bitcoin Approaching Historic Bull Market: Analysts predict that Bitcoin may experience a new breakout this October, partly due to the continued influx of institutional funds.

3. Bitcoin Miners Facing Challenges: Due to rising mining costs and the upcoming block reward halving, miner income is severely compressed, and miners are adjusting their strategies to remain profitable.

4. Nakamoto Upgrade of Stacks Protocol: The deployment of Stacks smart contracts has reached a record high, indicating that Bitcoin DeFi and scalability are about to undergo a new revolution.

5. Continued Growth in On-Chain Bitcoin Activity: On-chain transaction activity remains strong, showing sustained market interest in Bitcoin.

6. Surge in Institutional Investment: New products and solutions launched by institutions like Coinbase have driven the application of Bitcoin in the DeFi sector.

7. Increased Market Volatility: As Bitcoin's price has fluctuated significantly recently, some analysts suggest this may be the last buying opportunity.

8. Increase in Miner Holdings: Large mining companies, such as Marathon Digital, continue to increase their Bitcoin reserves, maintaining a long-term optimistic view on Bitcoin's future value.

9. New Products Launched by DeFi Protocols: Zest has launched the BTCz token, a yield token supporting Bitcoin, aimed at promoting DeFi applications.

10. Resurgence of Bitcoin's Market Dominance: With the rise in Bitcoin's price, its market dominance has exceeded 58%, approaching levels seen in April 2021.

These news items reflect significant developments in Bitcoin regarding on-chain activity, price volatility, and upcoming technological upgrades.
$BTC

Important news on the Ethereum chain in the past 10 days (mid-October 2024):

1. Advancement of Verkle tree technology: Ethereum core developers discussed prioritizing the Verkle tree technology for the upcoming upgrade. This technology aims to improve Ethereum's state efficiency, but its complexity may require some time for implementation.

2. Attention to EIP-7002: Developers emphasized the EIP-7002 proposal, which addresses the staking exit issue on the execution layer and is expected to significantly improve staking design.

3. Consensus improvements in the EIP-7549 proposal: The EIP-7549 proposal aims to reduce the number of operations required to verify consensus rules, thereby speeding up the process and lowering computational costs.

4. Vitalik Buterin updates the 2024 roadmap: Ethereum founder Vitalik Buterin shared the 2024 roadmap, reiterating the priority of transaction scalability for expanding Layer 2 networks and addressing the MEV (Maximum Extractable Value) challenge.

5. Concerns about staking centralization: Discussions about the centralization of Ethereum's staking economy continue, particularly the dominance of staking services like Lido has raised community concerns about economic centralization.

6. Controversy over EOF (Ethereum Object Format): The community is still discussing whether to include the EOF feature in the next hard fork, which would simplify the code structure of the Ethereum virtual machine, but no consensus has been reached yet.

7. Focus on Layer 2 scaling solutions: Ethereum Layer 2 networks are making progress, with developers focusing on increasing transaction throughput and reducing costs through scaling solutions.

8. Single Slot Finality (SSF) discussion: Vitalik Buterin supports SSF to address weaknesses in Ethereum's proof-of-stake design, making block finality faster and more secure.

9. Discussion on MEV (Maximum Extractable Value): Ethereum developers continue to focus on mitigating MEV risks, which are seen as potential threats to Ethereum's decentralization and fairness.

10. Upgrades to the proof-of-stake mechanism: The Ethereum Foundation is working on optimizing the proof-of-stake mechanism, with multiple upgrade proposals aimed at enhancing validator performance and improving protocol efficiency.

These news items demonstrate Ethereum's ongoing efforts in scalability, security, and decentralization, while laying the groundwork for further improvements in 2024.
$ETH

Important news about Solana in the last 10 days:

1. Significant price increase for Solana: The price of SOL has surged to $160 recently, up 40% from the August low, demonstrating a strong bullish momentum in the market.

2. Key metrics surpassing Ethereum: Solana has surpassed Ethereum in trading volume on decentralized exchanges (DEX), with a 7-day trading volume of $10.9 billion compared to Ethereum's $9.69 billion.

3. Outperformance in perpetual contract market: Solana's perpetual contract market weekly trading volume reached $3.4 billion, exceeding Ethereum's $2.9 billion.

4. Dominance in the meme coin market: Solana has shown strong performance in the meme coin market, with a total market cap of related tokens reaching $10.8 billion; notable meme coins include Dogwifhat and Bonk.

5. Leadership in decentralized public infrastructure network (DePIN): Solana has excelled in the DePIN sector, with leading projects including Helium and Render.

6. Bullish forecast for October: Analysts expect Solana to continue rising in October, potentially reaching between $175 and $178.

7. Strategic growth of the ecosystem: The expansion of the Solana ecosystem, particularly in the DePIN and DEX sectors, further solidifies its competitive position.

8. Technical resistance levels faced by SOL: SOL is currently trading above significant technical levels, with the next key resistance level expected at $193.60.

9. Optimistic market sentiment: After the Federal Reserve cut interest rates by 50 basis points, market sentiment improved, driving up cryptocurrencies including Solana.

10. Rising network adoption rate: The adoption rates of Solana's DeFi protocols and infrastructure projects have rapidly increased, boosting trading volume and developer interest.

These news items indicate Solana's rapid growth in various fields and its strong performance in the market.
$SOL

SOL Daily Level Analysis October 24 10:39am

1. Current Price: SOL price is $174.86 (approximately NT$5606.01), with an increase of 5.03%.

2. EMA Indicators:

EMA(7) (7-day Exponential Moving Average) is $166.58, the current price is significantly above EMA7, indicating a strong short-term trend.

EMA(25) is $155.53, suggesting a robust medium-term upward trend.

EMA(99) is $148.95, the long-term trend remains in an upward channel.

3. MACD Indicators:

DIF is 6.81, DEA is 4.49, and MACD is 2.33, indicating strong bullish momentum in the market, which is continuously increasing.

The green bars have turned red and are expanding, suggesting that bulls are dominant, with significant short-term upside potential.

4. RSI Indicators:

Current RSI(6) is 84.39, in the overbought zone, indicating potential short-term pullback pressure, and caution is advised against short-term price corrections.

5. Trading Volume (Vol): The trading volume shows high market activity, with a recent 24-hour trading volume of 494,440 SOL, indicating strong trading interest.

Support and Resistance Levels:

Support Level: The short-term support level can be referenced at $167.39, this position is a recent low and a potential support area during the upward trend.

Resistance Level: The resistance level is near $193.98, a previous high point; if broken, there may be further upward movement.

Buy and Sell Price Suggestions:

Buy Price: If a pullback opportunity arises in the short term, consider buying near $166.58, as this price level is close to EMA(7) and has strong support.

Sell Price: If the market continues to rise, consider selling near $193.98 in the short term, as this is a resistance level likely to form at recent highs.

Take Profit and Stop Loss Suggestions:

Take Profit Level: If the price breaks above $180, consider setting the take profit at $190~195, close to the previous high resistance area.

Stop Loss Level: If the price pulls back, set the stop loss near $166, which is the position of EMA7 and a strong support area; if it breaks below, it may decline further.

In summary, the current market is in a strong upward trend, but RSI indicates a significant overbought risk, and there may be a need for short-term adjustments; close attention to the performance of support and resistance levels is advised. $SOL

ETH Technical Analysis October 24th 12:52am

1. Moving Averages: Short-term EMA(7) is at 2565.79, EMA(25) is at 2769.03, while long-term EMA(99) is at 2494.19. The price has fallen below the short-term and medium-term moving averages, indicating downward pressure.

2. MACD Indicator: The MACD shows a 'death cross' signal (MACD line is below the signal line), and the negative value is increasing, suggesting that the downtrend may continue. The histogram shows that momentum has weakened.

3. RSI Indicator: The current RSI is 44.11, indicating that the market is currently in a relatively neutral zone but close to the oversold area (RSI below 30 is oversold). If the RSI continues to fall, it may trigger a rebound.

Buy/Long Suggestion:

Entry Price: Consider making staggered purchases in the 2450-2500 USDT range, as this price level is close to the EMA(99) support level (2494.19), and if the price continues to rebound within this range, there is a chance to stabilize again.

Take Profit and Stop Loss Strategy:

Take Profit Target: Short-term can be set between 2650-2700 USDT, close to the EMA(25) resistance level, indicating that the price may encounter selling pressure in this range.

Stop Loss Level: Can be set at 2400 USDT, below the current support area. If it falls below 2400, it may drop further.
$ETH

The price of BTC is around 66,056, support and resistance areas

1. Support Area: The more noticeable support level below is at 65,834 (24-hour low) and about 64,431 (EMA 7). These price levels are potential support levels that the current market may test.

2. Resistance Area: The main resistance level above is at 67,836 (24-hour high). If the price fails to break through this resistance, it may test lower levels again.

Technical Indicators:

MACD: The fast line and slow line are narrowing, indicating signs of weakening price momentum.

RSI: The index is at 57.14, close to the neutral zone, but if it continues to decline, it may weaken further.

Moving Averages: The price is currently between EMA 7 and EMA 25, with a possibility of short-term decline, but it needs to be seen whether the price can hold the support level around 64,431.

Overall, if the price cannot break through 67,836 in the short term, and the MACD and RSI indicators weaken, there may be a risk of correction, testing lower support.

From a technical analysis perspective, here are the suggested price ranges for going long or buying:

1. Buy near the support level:

Consider placing a buy order around 65,834 (recent low); this is a short-term support level. If the price pulls back to this area and rebounds, it may be a more ideal entry point.

Another stronger support level is at 64,431 (EMA 7), and if the price drops to this area, there may be a stronger rebound opportunity.

2. Enter after confirming a breakout:

If the price successfully breaks through 67,836 (24-hour high) and shows stable upward momentum, consider entering on the breakout. This strategy is to wait for the price to break through the resistance level and confirm the upward trend before entering, but strict stop-loss levels need to be set.

Stop-Loss and Risk Management:

If entering near the support level, the stop-loss can be set below 64,000 to prevent larger corrections after the support fails.

If chasing a breakout, the stop-loss can be set around 67,000 to guard against the risks of a false breakout.

In summary, for short-term trading, entry points can wait for the price to pull back to around 65,834 or observe whether it breaks through 67,836 before entering, and set stop-loss levels strictly according to the trading strategy.
$BTC

BOME daily chart level technical analysis:

1. MA (Moving Average):

MA(7): The short-term moving average shows price around 0.009220, which is slightly higher than the current price of 0.009346, indicating that the price is recovering from the previous decline in the short term.

MA(25): The medium-term moving average shows that the price is about 0.007607. The price has broken through this moving average, showing a certain upward momentum.

MA(99): The long-term moving average shows price at 0.007364, which is a longer-term support level. When the price breaks above this moving average, it shows that the market may enter a stronger bull trend.

2. VOL (Volume):

Trading volume has increased significantly recently, showing that market activity has increased and buying power has increased. Especially when the price breaks through the short-term moving average, the cooperation of trading volume shows that the price may continue to rise.

3. MACD (Moving Average Convergence and Divergence):

There is a sign of a golden cross between the DIF line (MACD line) and the DEA line (signal line) (the DIF line crosses the DEA line), which is a potential bullish signal and indicates that the price may continue to rise.

The MACD histogram shows increasing upward momentum, suggesting that the current uptrend may continue.

4. RSI (Relative Strength Index):

The RSI is 62.78, indicating that the market is currently slightly overbought, but has not yet reached the overbought area (above 70), indicating that there is still room for price upside, but caution is needed.

Target price:

First target: Based on the combination of MA, MACD and trading volume, the next upward resistance may be located at the previous high around 0.015562. If the price can break above this level, further upside to 0.012562 is possible.

Second target level: After breaking through the first target level above, the long-term target may be around 0.016511.

Take profit and stop loss price:

Stop loss price: It is recommended to set it below the MA (25), around 0.007607, which is a strong support area. If the price falls below here, it may indicate a trend reversal.

Take profit price: You can consider taking partial profit near 0.012562 (previous high). If the price breaks through further, you can consider a higher target.

$BOME

Analysis of WIF daily level technical indicators and graphic structure:

1. MA (Moving Average)

The short-term moving average (MA7: 2.648) and the medium-term moving average (MA25: 2.496) show a clear bullish arrangement, indicating that the recent trend is upward and the price is in a rebound trend.

The strong support below the long-term moving average (MA99: 1.991) indicates that the long-term trend is promising.

The current price is above both the short-term and medium-term moving averages, indicating that bulls are currently in control of the market.

2. MACD (Moving Average Convergence and Divergence)

The DIF line (0.168) and the DEA line (0.185) are close to the zero axis, and the two are very close, indicating that the current upward momentum is limited. With the MACD line sitting close to zero, it means the market has entered a critical selection period.

If the DIF line can continue to move upward and form a golden cross, it may bring new upward momentum.

3. VOL (Volume)

Trading volume is currently relatively stable, with no significant increase or decrease. This means that the market temporarily maintains a relatively stable buying and selling balance.

4. RSI (relative strength index)

RSI(6): 57.648, close to 60, which indicates that the market is currently neutral to bullish and has not reached overbought or oversold conditions. There is room for further price upside, but watch out if the RSI reaches overbought territory (above 70) if it continues to rise.

5. Graphic structure analysis

W-shaped reversal: You can see the W-bottom shape from the graph, which is a strong reversal signal. When the price breaks through the previous high (near $2.6), the upward trend becomes more obvious.

The current price is close to the previous resistance level of 2.689. If it can successfully break through, the next target may be $3.127.

6. Target price analysis

Short-term target: After breaking $2.689, the price could challenge the $3.127 resistance.

Medium-term target: If the move continues, $4.080 is the next important pressure area, which is the all-time high.

7. Take profit and stop loss price

Take Profit Point: Based on technical analysis, consider setting your take profit at $3.127 or $4.080.

Stop Loss: The short-term support is near $2.023, and it is recommended to place a stop loss below this level. A break below this point could lead to a further pullback to $1.991.
$WIF

Ethereum (ETH) daily level technical analysis:

1. Graphical structure

Double bottom structure: The current price has the possibility of forming a double bottom, which is a potential reversal signal.

Support Area: There is clear support near $2,111, which was the point of a previous bounce.

Pressure area: The upper pressure is around $2,740 and $2,900, and the previous highs will also act as resistance.

2. Technical indicators

MA (Moving Average): The short-term MA(7) and MA(25) are starting to turn upwards, with the price likely to break above the long-term MA(99) (price is currently close to MA(99)).

MACD (Moving Average Convergence and Divergence): The DIF and DEA lines show signs of forming a golden cross near the zero axis, and the green energy column begins to shorten, which suggests that there may be a wave of rise.

RSI (relative strength index): The RSI index is around 81.94, which is an overbought area, which means there may be a risk of a pullback in the short term.

3. Target price

Short-term price target: $2,900 to $3,000, an area that represents prior highs and could create pressure.

Medium-term price target: If it breaks through the pressure zone, it may challenge $3,386 to $4,070.

4. Take profit and stop loss price

Take Profit: Depending on your goals, you can set your take profit between $2,900 and $3,000.

Stops: The support at $2,111 is a key stop and if the price falls below this, further losses are likely.

In summary, prices may have upward momentum, but the overbought status of RSI implies that there may be a correction in the short term, and we need to be alert to the risk of correction.
$ETH