25/01/07BTC breaks through 100,000, plan trading with unity of knowledge and action, follow all market signals
1. MicroStrategy has been buying Bitcoin for nine consecutive weeks, with total holdings reaching approximately US$44.3 billion. Yesterday, MicroStrategy spent approximately US$101 million to increase its holdings by another 1,070 Bitcoins, with an average purchase price of US$94,004 per Bitcoin.
2. According to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the holding limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application still needs the approval of the SEC to take effect. The holding limit refers to the maximum share of the ETF that a single investor or institution can hold.
3. The U.S. Congress officially certifies Trump as president, and Vance is elected the next vice president.
Bitcoin
Last night, it strongly broke through the 100,000 neckline, reaching a maximum of 102724. Congratulations to friends who were reminded to enter around 93000 and gained more than 9000 points, a 10% increase. We reminded on December 31 and January 1 about the descending wedge and potential bat pattern of Bitcoin. Once it breaks through the 100,000 mark, it points to 103333—106000. We also reminded that in the short term, it is still in the head and shoulders bottom pattern.
The daily line breaks the MA20 price and touches the upper Bollinger band. The MA20 and MA60 show a potential duck bill pattern. The MACD returns to the zero axis, and the RSI breaks the downward trend. For now, there is still no sell point; continue to hold. We will monitor the resistance in the range of 103333—106000 against this rebound and determine whether a pullback is needed.
Support:
Resistance:
Ethereum
After returning to the M head, it continues to rise, and the daily line also touches the upper Bollinger band resistance. Pay attention to whether the subsequent supplementary rise can break through the 3820 resistance. There are two scenarios: if it can break through 3820, it will reach around 4000 before pulling back; if the supplementary rise cannot break through 3820, it will need to pull back to the 3500—3555 support before rising again.
No matter the trend, we are bullish. We reminded on January 2 that the pullback may have ended, and the Spring Festival red envelope market will begin...
Support:
Resistance:
Regarding altcoins: Bitcoin is pulling up altcoins, which are not following or are slightly lagging. Bitcoin is slightly oscillating at a high position while altcoins are down 5—10%. Let’s see if Ethereum can pull up and bring along the altcoins!
