In recent days, Bitcoin has continuously broken new highs, and Ethereum is also on the rise. The overall market is steadily climbing, with Ethereum and XRP performing relatively strong, while other mainstream cryptocurrencies and large altcoins are generally consolidating. Only when the funds stabilize will they flow into other mainstream cryptocurrencies and large altcoins. However, Bitcoin's upward movement has not seen an increase in volume, and the trend still has the potential to continue rising. It is not ruled out that it could linger around the 110,000 position in the short term.
Today, someone asked me where the top is. In fact, this point is not the key; what matters is the balance of risk and opportunity at a specific position, and accordingly managing the position well. Many experts also find it difficult to escape the top.
Next, I will roughly outline my position control thoughts. Personal review, not investment advice. Bitcoin is expected to consolidate around 105,000, with a steady trend of continuous new highs, but unfortunately, the volume is lacking. If there is no massive volume to drive a strong rise and only blood-sucking to push the price, caution is warranted for pullbacks.
Minor increases and sideways movements are essentially similar, both are trials of the market. In a bull market, avoid discussing tops, and do not go short in a bearish outlook. At this time, the upper points are treated as significant integer levels, tested and broken through one by one. Each breakthrough will bring a pullback for solidification, so do not rush; instead, buy on pullbacks, and avoid chasing prices. After all, it is not pleasant to have someone standing guard at the peak.
$BNB is expected to fluctuate between 700 and 740, which is quite impressive, surprisingly issuing two loyalty holder rewards in succession, namely the fourth and fifth phases.
$ETH is expected to consolidate around 4000 and rise. If continuous dollar-cost averaging is maintained, profits are certain. Institutions are persistently increasing their holdings in the short term, with a target still at 4800 above. As the saying goes, with clear targets, institutions show optimism through actual actions; although it is the old second place, it is still worth expecting. Those who think the price of Bitcoin is too high might as well consider this asset.
Some important consultations:
1. The elected president, Donald Wang, plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order, utilizing the Treasury's Exchange Stabilization Fund (ESF) to purchase Bitcoin. Microstrategy co-founder Michael Saylor stated that he believes Donald Wang is serious about establishing a national Bitcoin reserve.
2. The elected president of the United States, Donald Wang, attended the Blockchain Association's annual gala and gave a speech. He promised to ensure that Bitcoin and cryptocurrencies thrive in the U.S. and prioritized them for legislation.
3. The assets under management of the U.S. Bitcoin ETF are $129.3 billion, surpassing the $128.9 billion of the gold ETF. Although gold had a 20-year head start, it has now been overtaken.
Returning to today’s daily $BTC market analysis: From the candlestick chart, the 1-hour level is down, the 4-hour level is down, the 12-hour level is turning down, while the daily level is still in an upward trend. The intraday resistance is at 108,500, with support at 102,500 dollars.
Which explosive coins should we position for next?
Dogecoin (DOGE)
It has been reported that due to some changes in the financial and political landscape, Dogecoin soared 420% in 2024, making it one of the next explosive meme coins, attracting market attention and investor excitement.
Today, Dogecoin's starting price is only $0.3925, up from $0.08947. The significant growth of Dogecoin is attributed to increasing adoption, widespread community support, and enhanced utility.
According to cryptocurrency analysts' predictions, its bull market may not yet be over, with a potential peak of $7, a staggering 1,500% increase from current levels.
This momentum makes Dogecoin an appealing cryptocurrency, especially for those looking to gain substantial returns from the memecoin market.
Dogwifhat (WIF)
Dogwifhat (WIF) leverages its status as a memecoin, relying on social media hype and its cute mascot to drive short-term gains.
Its community-centric approach and connection with Solana have driven its emergence as a potential next memecoin, attracting interest from retail investors seeking quick returns.
The latest price of WIF is $2.72, with a market cap of $2,743,307,174, or 27.43 million dollars. For those currently seeking to purchase cryptocurrency, Dogwifhat offers short-term speculative gains driven by hype, making it a promising choice in the growing blockchain space.
xpx
XRP shows a clear bullish momentum, currently trading at $2.5709.
The RSI on the 24-hour chart is 69.04, reflecting strong momentum while approaching the overbought region. This indicates that as XRP consolidates its upward trajectory, investor interest continues to grow, and demand remains persistent. However, XRP's overbought weekly RSI (86.66) suggests caution should be exercised over higher time frames.
Although momentum and oscillators like MACD may experience mild pullbacks in the short term, the overall trend remains bullish.
The 12-hour RSI for XRP is 62.52, significantly higher than the market average RSI of 44.24, highlighting its outstanding performance relative to most cryptocurrencies.
This difference indicates that investor confidence in XRP is increasing, even though the market remains neutral.
The strong technical structure supports this rise, with both short-term and long-term moving averages giving clear buy signals. XRP remains well above key support levels, including the 10-period and 200-period moving averages, reinforcing its position in a sustained upward trend. For traders and investors, XRP's relative strength and robust technical confluence provide compelling reasons for further gains.
