BTC retested around 103,000 last night, receiving support at the trendline, and then attempted to rebound, with the price reaching new highs, peaking at around 107,000. After the breakout, the price increased very quickly, and if you missed it, you might not catch up. Significant price fluctuations for Bitcoin may occur! The logical analysis is as follows:
1) The Federal Reserve is about to cut interest rates again, and each rate cut is a potential positive.
2) Trump will take office on the 20th of next month, which is a potential positive for the cryptocurrency market.
3) Currently, the bullish volume is stronger than the bearish volume, but the price is rising while the volume is decreasing, indicating mild price divergence.
There may be two possible trends for BTC moving forward.
The first possible trend is:
It is likely that it will first accelerate up to the 125,000-135,000 range, then plummet about 20% for adjustment.
The second possible trend for Bitcoin is:
First, it will oscillate down to the 0.786 position, around 102,000, and then accelerate to rise to 125,000-135,000, followed by another drop and adjustment of about 20%.
Regardless of the subsequent trend Bitcoin chooses to rise to around 125,000-135,000, it is highly likely to face a significant drop and adjustment. Friends, please pay attention to the risk of BTC dropping after rising to 125,000-135,000.
As Bitcoin continues to reach new highs, the trend of altcoins has shown a reverse trend, starting to be drained by Bitcoin, leading to a significant downward trend. This contradiction may stem from three reasons:
1. The previous surge of altcoins needs a correction period.
2. The mainstream market mainly invests in Bitcoin and shows little interest in altcoins, except for cases like ONDO supported by BlackRock.
3. Faced with the potential U.S. interest rate cuts and the approaching Japanese interest rate hikes, capital is leaning conservatively and will choose Bitcoin with higher certainty. This contradiction will likely resolve in the coming days, but after the results of the two mentioned events, altcoins will likely show a reverse trend.
Since around the 5th of this month, there has been no significant buying of altcoins, considering this risk in advance. I believe a differentiated market will emerge later, so it's not that there are no opportunities, but rather that one should buy less and choose wisely, selecting those with lower risk and higher certainty.
PNUT:
The original owner of the squirrel has come out to gain attention, bringing some negative impact to the squirrel. I believe this won't have a significant effect; the burden is too heavy, and a normal adjustment can be held with a bottom position, gradually increasing during subsequent pullbacks.
JTO:
JTO has started to provide low-buying opportunities around 3.3-3.5; the closer to 3.3, the better for low buying. If you buy low, you’ll make a profit.
RSR:
RSR is currently in the process of a second retest; you can build positions in batches during this second retest.
DOGE:
Recently, Musk has been calling out quite frequently, but the coin price hasn't seen much of an increase. This might be a big play waiting for the main force to finish its hands; there will definitely be a significant upward trend. Be patient and buy low to hold!
SOL:
Continue to buy low in the 200-220 range. Currently, it is still in a downward trend. If it breaks the local downward trend, SOL will definitely see a significant upward trend. Before it rises, let's focus on our low-buying efforts.
In the short term, it may double, which is different from the logic of long-term holding; in the short term, bold buying and selling can be done, while for long-term, one needs to be patient and not rush for minor price fluctuations. In two days, the market will determine the trend. How will it go? There will always be a result, and I hope to find subtle signals in the market trends to determine whether to buy or hold; let's see the outcome.