Good Afternoon Family: Bitcoin's Next Target: $115,000?
Judging from the current favorable policies, it is easy to break through 110,000. It has now reached a new high of 107,070. ETF funds continue to flow in, the institutionalization process is accelerating, and institutions are now rushing into the market.
Market analysis:
$BTC Bitcoin successfully hit a new all-time high. Behind this round of rise, the surge in spot market trading volume, the continuous influx of institutional funds and the improvement of market macro sentiment have built a solid support for this round of Bitcoin price surge. Industry analysts generally believe that Bitcoin will challenge the price of $115,000 or even higher next. Bitcoin continues to stand firm at 106,200. The upper resistance level is: 107,600~108,600~109,600. After this 4-hour level, the market cannot stand firm at 106,200. A small downward correction is expected. The support level below is: 105,400~104,500. The market outlook continues to be bullish.
$ETH Ethereum is expected to consolidate around 4020. It performed relatively strong yesterday, especially during the time when Bitcoin just broke new highs. As long as Bitcoin does not drop significantly, Ethereum might reach new heights, driving altcoins to rally. If Ethereum does not fall below the 3956 level, the resistance levels above to watch are: 4039~4080~4129. If it cannot maintain the 3956 level, the market may look for a pullback, with support below at: 3908~3832, which presents an opportunity to enter long positions.
$SOL It has been consolidating for a long time. Although it has been declining without strong momentum, there has been no significant capital outflow; it just lacks a catalyst. Once it starts to rise, it can be quick. A stable trading strategy awaits a break of the hourly downtrend line; currently, it has not broken the 4-hour downtrend line, so there is still time to enter. The oscillation range is between 225~210. If it rises above 224, watch for a breakout upwards, with resistance levels above at: 233~246~259. If it cannot get above 224, the market will likely oscillate downwards, with support levels to watch below: 212~203. Be bold to accumulate in batches if it breaks down.
$DOGE Dogecoin is still accumulating in the 0.4 range, building strength in anticipation of a surge in January. Next, it will attempt to break above 0.413, continuing to hold above the 0.4 level, with resistance above at: 0.413~0.429~0.448. If it cannot hold the 0.40 level, support levels to watch below are: 0.39~0.375, and buying on dips in batches is recommended.
