The market changes rapidly; trading is all about the present. Whatever mountain you are at, that's the song you sing. Bitcoin's price has broken the level of $95,000 and is still continuously breaking upwards. This breakthrough feels like a rocket about to launch. Whether this wave of adjustment is nearing its end has become very clear. After the start of the new year on January 1, new upward momentum has begun. This rise in Bitcoin has indeed provided everyone with significant motivation. From the overall MACD daily level, it is about to cross the zero line, but before crossing it, it attempts to break upwards. This market has given us too many opportunities; previously, we also advised everyone to buy in, and indeed there was a large increase after the purchase. Within a day, all currencies saw an increase of over 10%, which was in line with our expectations. Thus, advising everyone to buy the dip was correct, with a very high value.
Now it can be seen that he has entered a stage of significant deterioration. From the overall market value of stablecoins, it can be observed that his value is still continuously rising. With Bitcoin spot ETFs on hold, it will continue to appreciate. The Bitcoin rainbow chart also shows that it is far from reaching its peak state; even the position for regular investments has not reached the level of $100,040. Currently, Bitcoin still has a large growth space, and the wallet balances in exchanges are gradually decreasing, indicating that someone continues to buy. Looking at the clearance chart, there is a strong bullish sentiment in the past thirty days targeting the upper level of $100,060. Therefore, in the coming market, we can expect to see a significant breakthrough.
Many currencies have broken through, but many people have not seized the opportunity. There is still a lot of operational space, as there are still many people's funds that have not entered the market and have not rotated to mainstream or altcoins. As long as their funds rotate slightly, there can be a four to five-fold increase. Therefore, from the current perspective, it's best to buy mainstream currencies; for others, buy altcoins. If you don't know how to operate, you can communicate with Wang Yun.
Ethereum's price is at the level of $3,400. We said that for it to perform strongly, it needs to break through the upper level of $4,100. Therefore, there is still a significant distance to the upper position. It should not be a problem for it to rise to $6,000 in this wave because in the coming months, Ethereum's performance is expected to be strong. This is inevitable because the bull market has reached such a stage; it will not retreat.
Further discussing Litecoin to see if there is any operational space, on the daily level, it indeed appears to have formed a descending channel and is testing the level of $108. We mentioned that once it breaks through $108, or even $113, it may again rise strongly, potentially doubling in a short period and reaching over $300. So when we see Litecoin exhibiting such performance, we know there might be a significant breakthrough in the overall market. At this time, we look at Bitcoin's trend; if it performs well, we believe this wave of the market will be strong. Ada also saw a 10% rebound, rising from around $0.8 to $0.9, and the price seems to have stabilized. Therefore, it should have a wave of pullbacks, directly rebounding to above $1.3. This round of market is somewhat similar to the previous bull market, after all, it’s a replicated market. We should take such a market seriously and smoothly capture this profit space without needing to research further. That’s all I have to say today.