Last night, Beautiful Valley opened lower but closed in the green. During the day, I mentioned that I continue to be bullish. As of the time of writing, the Dow Jones is up 0.89%, the Nasdaq is up 2.52%, and the S&P 500 is up 1.44%, breaking through the high of the large bullish candle on the 9th, so we can only continue to look for a rebound at 0.886 or below the rising trend line.
The only concern I have is that the US dollar index has dipped to a low of 97.92, and after 20 days of oscillation, there is upward rebound momentum with resistance at 102.
Bitcoin
In the afternoon, Bitcoin rebounded upward, breaking through the resistance at 95,700 and reaching a high of 96,734, which also broke through 0.618. The key resistance remains at 100,000. As I mentioned yesterday, from the perspective of wave theory, even if there is a short-term breakthrough, it won't go too high, and there is a possibility of falling back after the breakout, followed by another rebound.
The new moon opening with an upward rebound is also a good sign. The weekly chart stands above the BOLL middle track, supporting 91,500, which is relatively safe as long as it stays above this price. The daily chart is above multiple moving averages, and we continue to look bullish after a pullback.
Support: 89,500—91,500—92,800
Resistance: 100,000—102,000
Ethereum
Ethereum
After 9 days of narrow oscillation, there has still been no breakthrough, but I still see potential for a catch-up rally, and there isn't much more to say. Regarding altcoins, I mentioned yesterday to look for opportunities after the pullbacks of SUI, SOL, STX, and also keep an eye on DOGE, SHIB, ENA, LTC, etc., for potential opportunities.
If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!
This article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu
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