The cryptocurrency circle professionally governs all sorts of grievances! If you don't believe Bitcoin will rise, then pull it to your belief. If you continue to short, then pull it until you get liquidated; if you believe BTC will retrace, please go long on ETH. If you believe BTC will rise again, then continue to go long on BTC.
Overnight, BTC continued to push up, once exceeding 99k, with a peak of 99.34k. 99k is like a layer of window paper, easily broken.
If 99k breaks, 100,000 dollars will be just around the corner. No need to doubt, at this height, the small retail investors can no longer form an effective driving force. BTC has entered the institutional era.
Yesterday, Ethereum also stood up, with an increase of over 10%. The additional article was also quite clear (Bitcoin angrily rises to 98000! Ethereum catches up, is the altcoin bull market officially starting? Will BTC retrace in advance?). Bitcoin continues to lead as always, standing out with a direct 5% increase.
Today's $BTC market analysis: From the K-line perspective, the 1-hour level is weakly consolidating, the 4-hour level is slightly bullish, and the 12-hour level is rising. The daily level is also rising. The intraday resistance is 100,000, and the support is 95,700 dollars. Attention!!! Today's fear and greed index is 94.
Why is the market so calm while Bitcoin rises steadily, yet there is a frenzy whenever Ethereum rises?
The second in command, Ethereum, is the king of all chains. It represents the entire cryptocurrency circle's technological applications, while the first in command is the largest cornerstone of the industry. As long as it stands there, our cryptocurrency circle will not collapse. The role of the second is to expand the territory. Still, it is said that just because it can't do it for now doesn't mean it will never be able to. When it finally shines, especially when Bitcoin is stable at a high position, the second will respond to the market's criticisms with a big green bar.
Also, because most retail investors cannot afford Bitcoin, even if they buy it, they are only doing U contracts, going long and short, buying and selling for a quick profit.
Only large enterprises, institutions, and Wall Street funds are keen on purchasing Bitcoin.
Some retail investors are stuck holding altcoins on secondary exchanges and have given up.
Some smart retail investors follow the hot money to impact the meme on-chain, with occasional stories of sudden wealth attracting more internal flow to on-chain PVP, creating this fragmented liquidity.
Ethereum is currently 3354, showing a strong rebound, with a high probability of further increase. Short-term resistance: 3390, short-term support: 3330. If you want to share in the ETF liquidity, you might have to wait until Bitcoin's rise weakens. (You can also pay attention to those projects that were previously sanctioned by the SEC, along with SOL, DOGE, and other projects that might be included in ETFs!)
In a bull market, do not short. Today's top is tomorrow's bottom; this is the power of trends, and we just need to follow the trend and hold our positions with peace of mind. When the bull market arrives, you just need to sit in the elevator and zone out!
Yesterday, Sun sold a banana for 45 million and today claims to give one to Musk.
According to data, $Ban has dropped 8% in the past 24 hours, currently priced at $0.166.
