All sectors have been rotated recently.
Proper callback is for a higher takeoff
Short-term market trend:
Bullish pattern continues: Bitcoin is currently consolidating its bullish pattern after a wave of retracement. From a technical point of view, the support level is around 98,000, and maintaining this position may continue to drive the rise. The current 4-hour level support level is between 940 and 914, and the market may fluctuate and consolidate in this range.
Key Levels: If Bitcoin can hold above 99,000 and continue to break upward, the next target may be between 110,000 and 130,000, especially if market sentiment remains optimistic. Short-term retracements still need to pay close attention to the 90,000 support level. Once this level is broken, the bullish trend needs to be re-evaluated.
Medium-term trend:
Basis for long-term bullishness: From a longer-term perspective, Bitcoin is in a strong upward trend. Especially with the interest rate cuts and continued quantitative easing monetary policy in the United States, Bitcoin, as a "digital gold" and an asset that hedges against inflation, may attract more capital inflows and is a natural reservoir.
The reduction of regulatory pressure: Previously, the rise of Bitcoin was also under pressure from regulatory risks. However, with the rise of Trump, the environment has become more relaxed, the policies have become more friendly, and even many important officials are crypto enthusiasts. This is a huge boon to the entire crypto market.
Ethereum Trend Analysis
As the second largest cryptocurrency, the trend of Ethereum is also crucial, especially with the support of widespread applications in the fields of DeFi and NFT, the demand for ETH is relatively stable.
Short-term trends:
The importance of standing firm at 4000: If Ethereum can stand firm at 4000 and continue to rise, then we can confirm the continuation of the bull market. The monthly Boll indicator pressure level is around 4150, and this price range may be an important shock zone. Retreating to a reasonable consolidation range, ETH is expected to continue to break upward after the consolidation is completed.
Fund inflows support ETH's rise: From the perspective of market fund flows, ETH continues to attract fund inflows, especially due to Ethereum's upgrades that bring more sustainability and the expansion of decentralized applications. These factors have provided relatively solid support for ETH.
Although the trends of Ethereum and Bitcoin are sometimes correlated, Ethereum also has its own unique factors that drive its development. For example, the decentralization and scalability improvements of ETH2, as well as the construction of more DEFI projects, make ETH independent and have the potential for value-added. As a currency that has been criticized by everyone this round, ETH will definitely reach new heights! ! ! !
Overall market trend forecast
Judging from the current market sentiment, the long market of Bitcoin and Ethereum is still strong, especially with the gradual entry of mainstream funds into the crypto market. The market has been consolidating upwards, and the market will at least follow the day when Trump takes office. With the implementation of good news, there should be a wave of correction. At present, there is no potential negative news. The position is reasonably allocated and the profit is steadily earned. Sometimes slow is fast.
Now that I have finished talking about the market, I want to remind you that it is a bull market now.
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