According to Reuters, Trump's 'Cryptocurrency Advisory Committee' is expected to establish a committed Bitcoin reserve. The Greed Fear Index is close to its previous high at 94, which is also in an extreme greed phase.
The weekly chart shows three consecutive bullish candles. From the Fibonacci extension line, after breaking 94700, the next resistance is near 107000, and the highest has also reached over 99000.
Ethereum has ended a week-long period of consolidation and chosen to break upwards. As of the time of writing, the highest is 3386, which is less than 100 points from 3444, increasing the probability of a breakout. As long as Bitcoin does not experience a significant pullback, it is not ruled out that it could reach around 4000. Every time Bitcoin rapidly rises, Ethereum not following and still falling has been criticized. In my view, this is a normal trend and logic, just be patient and wait.
Bitcoin
After breaking through the ascending triangle on the daily chart, it formed three consecutive bullish candles. After retracing to 95600 last night, it continued to rise. In the short term, we still look for a pullback and rebound. There is no obvious signal of a peak on the daily chart, so pay attention to the 4-hour ascending trend that should not be broken; if it breaks, we need to keep an eye on it.
FOMO sentiment is high, and the Greed Fear Index has reached extreme greed. The higher it goes, the greater the risk, which aligns with our statement about reaching over 90,000 and seizing short-term profits in time. The mid-to-long-term layout needs to wait for a wave of adjustment before getting on board.
Support: Resistance:
Ethereum
Ethereum has entered a phase of catching up, first focusing on L2, ARB, OP, METIS... as well as re-staking ETHFI, SSV, LDO, etc.
SOL is facing a breakthrough of new highs, currently reaching 259.9, near the previous round of bull market highs. Earlier, we mentioned that this bull market is an institutional bull market and also an ETF bull market. BTC and ETH (already passed), potentially SOL, XRP, LTC (potentially passed), except for LTC, the other two have also seen significant increases.
Bitcoin's second layer ORDI, SATS, RATS have performed very poorly in this wave. Pay attention to whether there is an opportunity for a catch-up. (The Prince's consistent thought is not to chase highs, but to ambush low-priced varieties.)
Support: Resistance:
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The article is time-sensitive and for reference only, updated in real-time.
Focus on K-line technical research, win global investment opportunities. Public account: Trader Prince Fusu
