Trading Moment

: Copper and nickel surge, gold pulls back, Bitcoin faces resistance at $95K and may retrace before rising again Boosted by NVIDIA CEO Jensen Huang’s remarks at CES about the explosive growth in data storage demand in the AI era, the storage semiconductor sector soared collectively, pushing the Dow Jones Index to break above 49,500 points for the first time. Gold prices briefly returned to $4,500/oz today but subsequently led the precious metals market to pull back overall. The base metals market saw a full-blown rally, with LME nickel jumping over 10% at one point due to Indonesia’s plans to cut production. Bitcoin experienced a strong rebound, with prices briefly breaking above $94,000. Analyst Lark Davis believes this rally is driven by multiple bullish factors, with key technical levels becoming the market’s focus. Analysts generally agree that the $94,000-$95,000 range has significant selling pressure. Ethereum also performed well, hitting $3,300 after a 10% rise in January and testing the critical 200-period EMA. Technical analysis shows a potential “double bottom” pattern forming on Ethereum’s daily chart. If confirmed, the target price could point to $3,900. In the altcoin market, the Solana ecosystem is extremely active. According to Dune data, its Launchpad has seen over 25,000 tokens created daily for five consecutive days, with http://Pump.fun dominating the space. The Japanese internet culture meme coin $114514 saw its market cap surge to $57 million before crashing 94% overnight to $2.7 million, leaving many who chased the hype with heavy losses.