Overnight, the three major U.S. stock indices collectively rose, with the Dow Jones up 1.06%, the S&P 500 up 0.53%, and the Nasdaq up 0.03%. Most large tech stocks fell, with Google down over 4%, Amazon down more than 2%, and Apple, Tesla, Microsoft, and Meta slightly down; Intel and Netflix rose over 1%, while Nvidia saw a slight increase. Bitcoin is nearing 100,000 USD, reaching a peak of 99,000 USD overnight, while Ethereum surged to test the 3390 line. SOL broke its historical high, reaching 259.9 USD. Long-dormant altcoins like OP and ARB have also seen significant upward movement, indicating that funds are beginning to flow into the altcoin market.
The price of Bitcoin continues to hit new highs, reaching the significant milestone of 99,000 above, demonstrating the strength of the bulls. From the four-hour chart, the Bollinger Bands are opening upwards, the KDJ line is crossing and moving upwards, and the MACD is in the bullish area, indicating there is still some room for an increase. The goal of 100,000 that we are anticipating is also just around the corner! Many hands make light work; the shorts are being liquidated continuously, and those who are not liquidated are still holding, leaving behind shock and fear. The greed index has already broken historical records, and the large-scale market has yet to see a top. At this moment, we should not have a fear of heights or a fear of a peak. In terms of operational strategy, we should always adhere to the principle of following the trend. When the market shows a pullback, we can choose to go long.
Ethereum's rise last night was also driven up by Bitcoin, highlighting the strength of this upward movement. Yesterday, there was a pullback that tested the 3030 line at its lowest. In the evening, it moved in conjunction with the market, creating a space for a catch-up rally, with a peak at 3390. It has now broken the ascending triangle pattern, and according to the flag pattern indicators, it is very likely to break the previous high of 3450 resistance. During rapid rises and falls, wait for stagnation; the overall trend remains bullish, so any pullback in a bullish trend should be directly regarded as a false short. After testing the trend support, enter the market decisively.
Bitcoin is just 2% away from challenging the important threshold of 100,000 USD per coin. With a 40% increase in a month, why hasn't the altcoin season arrived? It is evident that institutional investors are not choosing these altcoin targets for now. Since we have analyzed the reason, it is not difficult to conclude: will the altcoin season come? - Yes, when will it come? - It will come when the liquidity arrives. This is determined by the essence of funds and human nature, similar to how we missed Dragon 1 and chased after Dragon 2. At this moment, it is important to remember: do not let the market noise disturb you; trading is actually very simple. An increase is a good time to sell, and a decrease is a good time to buy, simply put, buying low and selling high. In summary, whether there is an altcoin season or not, just understand one simple thing: Has the money to buy altcoins arrived? What we can do is choose narrative coins that have not started and hold them for now! #比特币突破10万？ #ETH市场新动向 $BTC