The IRS has postponed the implementation of cryptocurrency tax reporting rules until December 31, 2025.
Elon Musk has restored his X nickname to "Elon Musk," and he has also changed his profile picture back to a personal photo.
Bit Mining predicts that Bitcoin will rise to the level of $180,000 to $190,000 this year, but if a black swan event occurs, it may drop to $80,000. Last year, Yang predicted that Bitcoin would reach $75,000 in 2024.
Bitcoin
On the 31st, the prince reminded that Bitcoin has a potential descending wedge and bat pattern, rebounding to a high of 96,250 before retreating and oscillating upwards. The daily line has retraced to the Fibonacci 0.382 while also retracing to the MA60 support. Currently, it is still oscillating within the B-wave box. If the box pattern does not change, it will continue. If 91,500 does not break and it breaks through the box at 97,500-100,000, then the short-term correction will end. The key level to watch is 91,500; if it breaks, we will see a drop starting with 80.
The 4-hour descending wedge and bat pattern are still ongoing, and the 1-hour has formed an ascending channel. We need to pay attention to whether the rebound can break through the MA20; if it cannot effectively stay above, we need to be cautious of a downward C-wave.
Support:
Resistance:
Ethereum
The daily line has not changed much and is still in a box oscillation, which has lasted for a week. In the short term, 3,300-3,200-3,100 are all support levels; if these levels hold, we can look for a rebound.
In the 4-hour chart, Ethereum is currently looking to see if it can break and stay above 3,500-3,555.
Support:
Resistance:
XRP
XRP has pulled back after reaching a historical high, and the pullback has not broken below 0.382. The daily line has formed a descending channel and is currently below the upper channel. The strategy is to buy low around 1.9 or wait for a channel breakout.
HBAR
HBAR is also experiencing a weak pullback, with a pin at 0.5-0.382. The body has closed above 0.382 and is currently in oscillation. If the triangle converges and breaks out, we will look for the price to stay above MA20 to gauge the strength of the rebound.
DOGE
Dogecoin's pattern is slightly more favorable than the others with ETF expectations. The price has not reclaimed the platform bottom and pin; we will look for subsequent rebounds suitable for buying low.
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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