Bitcoin Breaks New Highs, Ethereum Holds Strong, Altcoins to Watch Before Trump's Inauguration
Yesterday, BTC continued to rise, Trump was elected, and the fundamental news was significantly positive, leading BTC to break new highs, reaching a maximum of 76,400. This morning, there will be a Federal Reserve meeting, with an expectation of a 25 basis point rate cut, which is also a positive fundamental factor. It is expected that the market will rise again this evening, with slight adjustments during the day. Those with positions should hold on; the daily level remains healthy, and the weekly level has formed a golden cross, so continue to hold and stay confident, with a bullish outlook ahead.
Ethereum yesterday rose in sync with BTC, and this morning began to catch up, breaking through 2,800. Currently, it is also in the overbought zone on the 4-hour chart. There may be adjustments similar to BTC during the day, but there is a high probability of continuing to rise in the evening. The target range of 2,800-3,000 has been reached, and those holding can take some profits, waiting to re-enter after a pullback.
In the altcoin sector, prices are rising in sync with the mainstream. SATS should be held patiently; consider liquidating around 50. PEOPLE can be held for the medium term and can continue to wait. FTM should also be held.
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