On January 25, 2004, BTC rebounded to 99,000. Can it break through the 100,000 neckline? Ethereum is catching up and returning to the M head!

CN
3 days ago

MicroStrategy is seeking to raise $2 billion through the sale of preferred stock to advance its previously announced "21/21 plan" to raise $42 billion over three years for purchasing Bitcoin.

FTX has announced that its restructuring plan has officially taken effect and will proceed with payments in order over the next 60 days.

USDC Treasury has minted approximately 149 million USDC on the Ethereum chain, with an additional 400 million USDC minted yesterday.

Bitcoin

The price peaked at 98,976 before retreating, also coming down to the lower boundary of the range. The price line has moved above the MA20, with profit-taking adjusted to 97,000—97,300. Next, we will see if Bitcoin can break the neckline to complete the bat pattern targeting 103,333—106,000.

On December 31, I reminded that Bitcoin is in a descending wedge + bat pattern, and I also mentioned that there is a head and shoulders bottom pattern that could pull back to continue bullish. Early positions are still held as no selling points have appeared. In the 4-hour chart, pay attention to the previously mentioned shift from an ascending trend to an ascending wedge; if the subsequent support line breaks, we can reduce our positions.

Support: Resistance:

Ethereum

Ethereum broke through the M-head pattern yesterday, peaking at 3,630. Today, we mainly look for a rebound opportunity after a pullback to 3,500—3,555. If the price breaks the range and does not fall back, we can only remain bullish. Our order at 3,150 for Ethereum has not changed and is held for the medium term.

Support: Resistance:

SOL

I have been reminding to build a position around 180. Last night, it broke through the descending channel, and I also reminded not to fall back into the channel; hold for the long term.

Support: Resistance:

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

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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