Returning to the market, the BTC price has successfully broken through the weekly and monthly resistance levels. Meanwhile, there is a divergence in the Bollinger Bands on the daily and weekly charts, which undoubtedly indicates that market volatility will increase. For contract traders, the upcoming phase may not be very friendly.
The position at 86,700, along with the 80,000 mark, is currently quite critical. The former is a key monthly level, while the latter is a key weekly level. If the price breaks below these two positions, it will likely revert to the weekly and monthly range in the short term, which could significantly weaken bullish sentiment. Currently, the price has broken through the weekly/monthly range, and in the short term, it remains strong.
As for altcoins, although there is a general rise at the moment, the main gains and capital are still revolving around meme coins, especially Doge related to Musk. Therefore, the current rise is still driven by the sentiment following Trump's election victory.
Tonight's trading hours in the U.S. are quite critical. After returning to normal trading days, whether the U.S. reaction will continue the positive rise from last night will also be very crucial.
#牛回速归,晒晒你的持仓? #DOGE看涨情绪飙升 #Mt.Gox地址动向 #特斯拉重回美股“七仙女”行列 #BTC连续破新高,你看到多少?