Bitcoin hit 99,000, just one step away from 100,000. The stronger the rise, the more bearish voices there are, but the possibility of a deep correction in the current market is small. Near 100,000 may be a high-selling zone. If it falls back by 5,000 points, it will be the limit. At this time, short-selling hedging may become a stable choice.
If it goes straight to $110,000, it will be safer to wait until the price reaches $101,800 and then falls back to $98,800 before buying more, which means the $100,000 mark has been officially broken. Be wary of a slight decline after a new high, which may lead to further declines in altcoins. Ethereum has formed strong support around $3,000, and with the upcoming "golden cross" signal, it will push prices up further. Over the past week, ETH prices have remained in the range of $3,000 to $3,250, and are currently moving towards the $4,000 target.
In the past 24 hours, ETH has risen by 9.65%, breaking the 50-day EMA on the 4-hour chart and restoring a bullish trend. It is currently testing the resistance level of $3449, supported by a confirmed triple bottom pattern and daily order blocks, further consolidating the long-term bullish outlook.
Ethereum's strong support at $3000 is evident. Over the past week, Ethereum's price has consolidated around $3000, forming a robust demand zone. Data shows that over 4.45 million addresses transferred 5.4 million ETH at an average price of $3099 within the range of $3046 to $3142, closely aligning with the order blocks on the daily chart.
Meanwhile, 'fresh' whale activity is frequent. After purchasing 18,000 ETH last Monday, one address increased its holdings by another 9,000, bringing the total to 27,000 ETH, worth over $88.9 million, further consolidating the bullish sentiment in the market.
ETH 'Golden Cross' is imminent, aiming for $4000. The Ethereum daily chart shows that the 'Golden Cross' pattern is expected to complete within 24 hours, typically signaling the beginning of a significant upward movement. This pattern is formed by the 50-day moving average breaking above the 200-day moving average, historically triggering strong gains exceeding 100% (as seen in 2020 and 2023).
Current bullish momentum is evident, with independent analyst Rekt Capital noting that Ethereum has broken out of a short-term bull flag pattern on the weekly chart. If the breakout is confirmed, it is expected to test the $3700 resistance level, moving further towards $4000. The current market landscape is polarized: Wall Street funds focus on Bitcoin, while large retail investors favor on-chain MEME tokens, leaving most altcoins temporarily sidelined and in a tough spot. Today's market altcoin hotspots present entry opportunities!
Meme market: The meme hype on SOL has receded, with only Chillguy performing strongly, while others like $pnut, $act, and $ban remain in a correction phase. It is expected that after the correction ends, the rebound will be even stronger.
SOL: Due to ETF application progress, it is approaching historical highs, with a breakthrough imminent.
Federal Reserve's Schmid: Claims that cryptocurrencies are tradable assets, not currencies.
FTX restructuring: Plans will take effect in January 2025, with user compensation starting in March, which is also the reason for the surge in FTT.
Trump's crypto plan: Expected to establish Bitcoin reserves, a strategic reserve in the U.S. is imperative, and European countries may follow suit; Bitcoin in hand should not be sold.
SEC Chairman departure: Gary Gensler will resign on January 20, which is favorable for the crypto industry, especially in the DeFi sector; pay attention to $uni, $aave, $dydx, etc.
ETH rebound: ETH and L2 tokens like $op, $arb, $strk, $eigen have seen significant increases, watch for further developments.
XRP surges: XRP suddenly rose by 40%, with this year's market experiencing explosive increases, opportunities fleeting.
Circle: Native USDC will launch on Aptos, and Move-based public chains are worth noting.
SUI outage: The SUI chain experienced an outage last night, similar to the previous outage incident with SOL; continue to monitor.
Curve protocol: Following Trump's election victory, leverage demand surged, doubling protocol revenue and driving market prices up.
Binance futures: Will launch perpetual contracts for $SLERF and $SCRT; OKX will delist LON/USDT and LON/USDC trading pairs.
Aptos public chain: After launching a meme platform, it lacks attention unless supported by large exchanges like Binance, resulting in limited market participation.
