The three major U.S. stock indexes closed mixed, with the Nasdaq down 0.11%, the S&P 500 index closed flat, and the Dow Jones Industrial Average up 0.32%. Large technology stocks rose and fell, with Netflix up more than 1%, Apple and Meta up slightly. Among them, Netflix continued to hit a record high. "Big Bitcoin holder" MicroStrategy Investment MSTR rose more than 10%, and its market value exceeded $100 billion. The crypto market fell more than it rose, and the Bitcoin one-man bull market was fully demonstrated. In the early morning, Bitcoin hit a new high of $94,818. Stimulated by many favorable factors, Bitcoin hit a new high, approaching $100,000. In fact, the crypto market at this moment is reappearing the Bitcoin one-man bull market.
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Bitcoin has been very strong recently, with almost no decent adjustments. Yesterday, the intraday market fell slightly to 91,500 and then rose all the way to around 94,800, setting a new high. This is highly consistent with the trading style of the dog dealer. The entire pull-up method is neat and tidy, without any drag. From a technical point of view, the hourly level currently presents an ascending triangle pattern. As long as the lower trend line is not broken, the overall bullish situation is not a big deal. Although Bitcoin's upward momentum this week has weakened compared to last week, it will not immediately fall into the dilemma of a sharp drop. In the short term, as long as the two key support levels of 91,500 and 88,000 can be maintained, it is only one step away from 95,000, and there is a probability that it will set a new record high today. It is still recommended to buy on dips during the day, and a pullback is an opportunity to buy.
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The current price trend of Ethereum is still weak. It rebounded to 3158 yesterday, but the volume was insufficient and continued to fall. The lowest test overnight rebounded slightly at 3029. The current market still shows an obvious trend extension trend. The key point of the current shock consolidation market is that the trend is slow and the space is not large. Therefore, it is relatively critical to follow up and select points. The short-term shock and slow rise pattern still needs to pay attention to the continuation of the increase. Secondly, pay attention to the strength of the retracement. The retracement strength is small, and follow the low position to see the upward trend. If the key position of 3000 breaks, follow the trend and continue to see the downward space! From the current structure of Ethereum, the operation is to enter the market around 3050, and defend the 3020 range to break and leave. The upper 3150-3220 lines are both suppression platforms. The platform has not stabilized and short orders are entered. Low and high in the range!
