From yesterday to today, BTC has risen from 94k to 97k, a slight increase that has everyone a bit excited. However, whether this can continue to rise remains to be seen. Most other cryptocurrencies have also risen, especially those altcoins, which have seen quite a significant increase. So, how will BTC move in the short term? Let me briefly review, this does not constitute any investment advice.

I personally think BTC will probably fluctuate between 94000 and 99000, which is a normal rebound, and we need to patiently wait for it to break through. If you bought some at a low price before, then when it reaches 99000 you might consider selling some, and then wait for new buying opportunities; there are still quite a few people who are bullish right now.

Now let’s talk about another cryptocurrency, it is expected to consolidate between 685 and 735. Yesterday it was a bit weaker than BTC and ETH, after all, the 63rd airdrop is about to end, and it’s normal for some people to want to sell. But if you are a long-term holder of BNB, then don’t pay too much attention to these minor fluctuations. As for platform coins, they will really gain momentum only towards the end of a bull market.

As for the second largest, it is expected to fluctuate between 3300 and 3550. Yesterday it was a bit stronger than BTC, so let's keep an eye on whether institutions are still increasing their holdings; if there are many institutional purchases, then holding ETH will feel more secure.

Some important news:

1. Pump Point Fun has deposited 63,170 SOL to Kraken again, worth 13.1 million dollars.

2. The total asset management scale of Hong Kong BTC spot ETF accounts for 0.66% of the ETF market, with an increase of about 66% since its listing.

3. According to Bloomberg, the total wealth of the 500 richest people in the world has exceeded 10 trillion dollars in 2024, with Binance founder Zhao Changpeng (CZ) seeing his wealth grow by 60% to 55 billion dollars; Coinbase co-founder Brian Armstrong’s wealth increased by over 50%, reaching 11.1 billion dollars.

Returning to today’s daily BTC technical analysis, from the K-line perspective, the 1-hour level is down, the 4-hour level is up, the 12-hour level is up, and the daily level has just entered an upward trend, with an intraday resistance level of 99800 and a support level of 94500 dollars.