Recently, Trump has been extremely busy, almost inviting all the world's leaders to participate in his inauguration ceremony. This not only showcases the demeanor of the big brother, America, but also promotes some policies and trade agreements. Born in the business world, it seems he is indeed a master at making deals.
Through the celebrity effect of America and himself, he is gradually fulfilling the promises made during the campaign, which can be considered a positive development.
This Wednesday, the Federal Reserve is set to announce a rate cut, and without a doubt, 25 basis points will definitely be achieved. Therefore, the US stock market should also experience another wave of increases and upward momentum. Tech stocks have been very strong recently, with AI, chip manufacturing, and big data currently leading the world's mainstream. Unlike the internet bubble, which was completely illusory, the current situation combines reality and illusion, resulting in more stable development. The cyclical correction of the US stock market will at least require another year, and the bull market will continue, while BTC's future price will also reach new heights.
Currently, BTC broke through the range fluctuation with a significant volume yesterday, taking the lead in the market. If it can effectively maintain support at the 102504 range, then the market will continue to rise. However, if it falls below, it would be a false breakout, and it will again test the upward trend line near 98600. At present, BTC still shows a bullish trend, and it is recommended to focus on buying on dips.
At the four-hour level, it can be seen that the upper pressure is around 110304, while the lower support is around 103032. Although BTC is rising, altcoins remain flat or show slight increases. Currently, support is evidently insufficient to propel the entire cryptocurrency market to new heights. A blood-sucking market will emerge, and only when BTC consolidates will altcoins have a chance to continue rising.
Although the situation is good, it is still advisable not to chase highs, and altcoins can place orders at key support levels. Sol, Doge, TRX, LTC have all gone through a period of correction and show a trend to rise again. A few days ago, order points were already provided to everyone, and those who entered can hold onto their coins for a while. However, it is advised not to be overly ambitious.
I personally believe that another unilateral rise and continuous upswing will require BTC to make a corresponding adjustment. Therefore, even if it rises, it is important to remain rational and cautious. For those who are strategically positioning themselves, it is still recommended to wait for orders. After all, spot traders need patience.