MicroStrategy increased its holdings by about $1.5 billion with 15,400 BTC, currently holding 402,100 BTC, with a total purchase cost of about $23.4 billion, and an average purchase price of about $58,263.
According to FOX Business reporter Eleanor Terrett citing sources, Trump may announce his SEC chairman successor as early as tomorrow.
The U.S. government transferred Bitcoin last night and may not have sold it yet. There are plans to distribute the wallets in batches or they may have been taken by an institution through OTC transactions and did not flow into the secondary market.
Bitcoin
Bitcoin has entered a period of sustained oscillation at a high level. Last night, MicroStrategy announced an increase of 15,400 BTC, while early this morning the U.S. government transferred 19,800 BTC, worth about $1.92 billion. The price quickly rose from 94,700 to 97,356, and then quickly fell to 94,395 for consolidation. So this is quite similar to our previous prediction that after this rapid rise, there will be a period of high-level oscillation and adjustment similar to the trend in December 2023.
The daily chart is still supported within the ascending channel, and the price has closed above 94,600. However, this is not a stage bottom. If it pulls back to 90,800 and is supported, it can actually be considered to go long towards around 98,000. This high-level adjustment will last until the end of the month, two weeks before Trump takes office, at which point the Chinese New Year red envelope market will be worth looking forward to.
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Ether
Ether bounced back to 3556 after a pin yesterday. If the rebound cannot break through and create a new high, the probability of a pullback increases. It has formed a 123 pattern. We have long reminded friends who chase after the rise of altcoins to only operate in the short term and take profits.
The altcoin season indicator has reached 80. Historically, when it reaches around 98, the probability of a decline is high. So everyone should grasp this wave of altcoin season well. The total market capitalization of altcoins (Crypto Total Market Cap Excluding BTC & ETH) is nearing the high point in November 2021, so in 1-2 weeks, the altcoin indicator will reach its peak. Select a few varieties that may rebound from relatively low positions, such as ZETA, AR (mentioned), ALT...
Support: Resistance:
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