Bitcoin has reached a new high, congratulations on your wealth!

Those holding Bitcoin are indeed making a fortune! How are those holding altcoins?

For those shorting, the hardest asset to choose is undoubtedly Bitcoin, while for those going long, the weakest altcoins are the choice. When Bitcoin falls, altcoins fall; when Bitcoin rises, altcoins fall! This market is truly frustrating, it’s completely a bull market for BTC, and most altcoins are in disarray, not only failing to rise but also falling. If Bitcoin drops, altcoins may be halved back to the low point around November 11!

Let’s summarize the market situation:

1: A major Solana holder placed a massive sell order of $124 million, mainly betting on the $250-$270 range.

2: ETH whales have placed buy orders in the $3030-$3100 range, amounting to $65.95 million, while sell orders in the $3150-$3220 range are only $3.48 million, indicating a high probability of a price increase!

3: Yesterday, over $816 million flooded into spot BTC ETFs.

4: Every time Bitcoin breaks a new high and consolidates, Ethereum tends to catch up and lead altcoins in a rebound.

5: After Bitcoin finishes its consolidation, altcoins will start to gain momentum, there will be a wave of catching up in altcoins, please be patient for the arrival of the altcoin market.

6: MicroStrategy will sell $2.6 billion in notes on top of the previous $1.75 billion and use all the proceeds to increase its BTC holdings, which is the reason for the $95,000 increase, forcefully pushing Bitcoin up. Those holding Bitcoin can reduce their holdings to lock in profits.

7: NEIRO has broken the important support level of $0.002 in the 4-hour chart; this break of support suggests to watch and wait, the buying pressure is not strong, consider buying near $0.0018.

8: ACT has not completed its decline in the 1-hour chart, suitable for a bottom-fishing divergence near $0.52, with a stop-loss at $0.5. Nvidia will release its earnings report tomorrow, consider positioning in ACT RENDER AI sector leader on dips.

9: PNUT has once again reached the lower edge of the triangle at $1.45, which is the last defense position for bulls. I personally think it may drop below $1.20, consider buying in batches near $1.25 on dips.

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#BTC #ETH#SOL