Ethereum Soars

Brothers, good afternoon, the market is doing really well today. As I mentioned a few days ago, the sector rotation is about to start. The large-scale repayment from FTX has already begun, with 16 billion USD to be paid within 60 days, perfectly timed. The altcoin bull market in February is about to kick off!

Yesterday, Bitcoin still couldn't successfully break through 100,000, reaching 98,949 instead. The momentum is still a bit lacking, but there's no major issue. Pay attention to the two levels below: 97,300 and 95,800. If it dips and doesn't break these levels, continue to be bullish. The daily trend of Ethereum is still quite strong for the bulls, and it’s now Ethereum's turn to shine. If it can stabilize above 4,000, the altcoin season will start!

Liquidity is relatively poor over the weekend, and next week there will be two major data releases: non-farm payroll and unemployment rate, which could likely be turning points. Be cautious with high leverage to avoid sharp fluctuations.