A year has passed, and Bitcoin is approaching the $100,000 mark. Early today (23rd), Bitcoin broke through again, reaching a price of $99,588, just one step away from the psychological barrier of $100,000, which occurs once in a century.
BTC: 1-hour and 4-hour levels are above healthy levels, daily levels are above healthy levels, expected to consolidate during the day, with no weakening in the long-term trend, support at 97000-98000 and resistance at 99000-100000.
ETH: 1-hour and 4-hour levels are above healthy levels, daily levels are above healthy levels, expected to consolidate during the day, with support at 3200-3250 and resistance at 3400-3450.
Looking back at this year, after Bitcoin touched $73,777 in March, it finally experienced an explosion after a long 7-month adjustment. It has continuously refreshed historical highs. In contrast, the altcoin sector has been sluggish with an 8-month adjustment period, only releasing rebound signals through sporadic rapid rotations.
The pullback in a bull market is an opportunity:
If you are very optimistic about a track and a coin, don't wait to FOMO buy when it surges, and definitely don't hesitate to buy when it retraces;
Old coins: Look at the candlestick charts and structure for reference, but don't be misled by references; secondly, see if there are new sprouts; New coins: Focus on your understanding of the market and your imagination about the overall track.
Today's altcoins are dazzling, soaring in a wave!
Moreover, it’s the weekend, and the wind in the mainstream altcoin market is shifting. After Bitcoin rises, Ethereum follows, and now it's the altcoins’ turn, reminiscent of the altcoin trends during the 2021 bull market.
Considering historical data, although the current index is far below the annual high of 50, it has shown a significant rebound from the low of 13 earlier this month. This upward trend may indicate that market funds are gradually rotating from mainstream assets like Bitcoin to the altcoin sector.
Especially in the context of the strong performance of established altcoins like XRP and ADA in recent times, this trend may further strengthen.
Meanwhile, the market cap of altcoins is also steadily increasing. Although the growth rate has not yet reached a level sufficient to completely reverse the market pattern, the gradual stabilization and slight rise reflect subtle changes in market sentiment. Investors are beginning to reassess the value of altcoins and gradually shift their attention to these assets. If this trend can persist and maintain stable growth in the coming weeks, perhaps the altcoin season is finally on the horizon.
Which coin will be the next new high?
1. Zerebro
Market cap: $487 million
24-hour trading volume: $6.01543 million
AI Meme Dragon II ZEREBRO's market cap exceeds $500 million, setting a new historical high. The DEV of this token has fully realized the potential, having accumulated profits of over $43 million! After creating the token on 10.25, he spent 5 SOL to buy 153 million ZEREBRO, accounting for 15.32% of the total supply.
2. SOL
Market cap: $121.059 billion
24-hour trading volume: $9.004 billion
SOL creates a historical new high, breaking the $260 mark, with OKX-SOL/USDT currently reported at $259.99, down 0.90% in 24 hours. SOL becomes the fourth old coin to set a new high after TRX, BTC, and BNB.
3. DOGE
Market cap: $68.055 billion
24-hour trading volume: $22.707 billion
DOGE has a lot of potential; when the D.O.G.E department officially launches, I can't imagine how much exposure it will generate! It is important to note that the Fibonacci retracement level is very good, right at 0.618. If it can break the four-hour high later, we can expect to see levels above 0.6.
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