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Yesterday's Review
BTC: The lowest point yesterday was 76,501, the highest point was 81,700, the fluctuation was 5,199, and the amplitude was 6.8%.
ETH: The lowest point yesterday was 3,073, the highest point was 3,252, the fluctuation was 179, and the amplitude was 5.8%.
Today's Analysis
BTC: BTC has been continuously rising in recent days. Although it once touched $78,500 at midnight today, it then pulled up sharply and touched $81,568, setting a new all-time high again. BTC is currently at $81,300. It dropped quickly from $81,000 to $78,500 in the early morning, and now has recovered the upward position, proving that the buying pressure below BTC is very strong, and there will be no deep correction for the time being. It is worth noting that the $85,000 level above is a relatively strong resistance, and we need to observe the trend of BTC after reaching $85,000. If there is weakness or a negative net inflow of funds in the short term, we can consider taking out a portion of the altcoins first to avoid a large rollback of profits! This big green candle has broken through all doubts and completely killed the proud bears of the past 7 months. This is the power of strength. No one will last forever, and no one will be in a slump forever. After a deep bear market, there will be a bull market. It is a perfect interpretation in 2024.
BTC short-term resistance: $82,300
BTC short-term support: $80,100
ETH: In the ETH part, it also touched the high of $3,248 a few hours ago, then quickly fell and V-shaped, and was reported at $3,196 before the deadline, with a 24-hour increase of 2.68%. ETH is currently at $3,200 and has reached the target position I analyzed last time. The trend is relatively strong and there is no obvious sign of fatigue in the upward movement. The small support below is $3,164, and the short-term target above is $3,330!
ETH short-term resistance: $3,330
ETH short-term support: $3,164
Doge: After being boosted by Musk, who is seen as the "father of Doge", CoinGecko data shows that the price of Doge (DOGE) has risen 28.1% in the past 24 hours, and has risen 90.2% in the past 7 days, with a current market value of about $42.26 billion, surpassing USDC's $36.9 billion. It ranks sixth, only behind BTC, ETH, USDT, SOL and BNB.
Liquidation: The latest data from Coinglass shows that more than 210,000 people have been liquidated in the past 24 hours, with a total liquidation amount of $683 million. The largest single liquidation occurred on OKX-BTC, worth $15.56 million.
Article Summary: BTC still has about 4,000 points of room above, and after reaching the position, you must first take out a portion of the altcoins and observe the trend of BTC. If the upward momentum is strong, you can buy back, to prevent BTC from falling and the altcoins from plummeting!
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