25/01/17 BTC triangle structure breakout, pay attention to the W neckline; once it breaks, it will aim for the previous high or even 120,000.

Trump announces prioritizing SOL and XRP to establish crypto reserves.

Yesterday, the net inflow of Bitcoin spot ETF in the U.S. was $622.26 million, and the net inflow of Ethereum spot ETF in the U.S. was $166.57 million.

Canadian company Goodfood Market Corp. adopts a Bitcoin reserve strategy with an initial investment of $1 million.

Bitcoin

Bitcoin's daily chart has broken out of the triangle structure, and now it faces the W neckline resistance at 102,724. Once it breaks, it will aim for the previous high of 108,353 or even break to complete the daily shark pattern at 1.13, which is 110,000. Moreover, the analyst believes that as long as it effectively breaks the previous high, reaching 120,000 to 150,000 is a normal trend.

Last night, the hourly chart dropped to 97,335 and quickly recovered, which is still a strong signal and a reminder. If it does not fall back into the triangle, it is still expected to oscillate upwards.

Support: Resistance:

Ethereum

The daily chart is still oscillating within a descending wedge. Yesterday it touched 3,473 and fell back to 3,265. In the short term, it continues to break out and looks for upward oscillation.

On the weekly chart, we previously mentioned that a drop below 2,800 and a return to the box oscillation cannot be ruled out. Currently, there is a head and shoulders bottom pattern, and once it breaks 4,100, the chance of reaching the previous high of 4,800 is quite high.

Support: Resistance:

Altcoins

Reminders from the 14th: SOL, XRP, DOGE, HBAR, XLM

Reminders from the 15th: ADA, IOTA

Reminders from the 16th: LTC, UNI, SUSHI

Among them, XRP, HBAR, and LTC have seen increases of 20-40%.

In fact, there are more altcoins that have also shown opportunities; feel free to discuss together…

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

The 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: Trader Gongzi Fusu

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