Metaplanet additionally purchased 319 BTC, while MicroStrategy bought 3,459 BTC for $285.8 million, but the market did not show much change. The U.S. stock market opened about one point higher. After a strong bullish candle on the 9th, it continues to look for a fluctuating upward trend; the rebound is not a reversal.
The altcoin market has seen a rapid decline of 95% in just one day after three years of growth, further confirming the previous view that altcoins are experiencing a two-tier differentiation, and ultimately, altcoins will return to zero, while Bitcoin will always fluctuate upward.
Altcoins have profited from investing in Bitcoin. Currently, the number of altcoins in the market has reached 40 to 50 million, growing at a very fast pace, while the funds entering the crypto market are becoming increasingly cautious, with a significant amount flowing out, leading to more dispersed capital. The original purpose of the "doge" coin issuance is to profit by cutting leeks; how much do you think they will do for charity?
Bitcoin
The daily line has returned to the converging triangle, breaking through the downward trend line and retesting. In the short term, we continue to look for a rebound, with short-term pressure focusing on 89,000. A Fibonacci breakthrough at 0.236 and further upward rebound targets 0.382–0.618, which is between 89,000 and 96,000.
Support: 74,500—78,500—82,000
Resistance: 89,000—93,000—100,000
Ethereum
Ethereum is likely to close with a double bullish candle sandwiching a bearish signal today, and is near a descending wedge. A breakout could lead to a move towards 2,000–2,100. The MACD has crossed the zero line and is continuously diverging, but it has not yet surpassed the MA20; the rebound target is set at MA60.
Support: 1,385—1,555
Resistance: 1,830—1,950
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. Official account: BTC Trading Prince Fusu
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
