Night US stocks opened high and rose, with all three major indexes rising. The Nasdaq rose 1.77%, the S&P 500 rose 1.26%, and the Dow rose 0.8%. Among them, the Nasdaq and the S&P 500 ended a 5-day decline in the daily chart, and the Dow ended a 4-day decline in the daily chart. Tesla rose more than 8%, the largest single-day rise since November 12 last year; Nvidia rose more than 4%, the largest single-day rise since November 20 last year. The encryption market rebounded across the board, BTC and ETH both rebounded with large bullish candles and reached the middle track, some old narrative currencies showed strong rise, SOL once again rose above 210, DOGE tested the 0.39 level, ADA continued to rise with increasing volume! The current pullback period should be nearing its end, and we are about to enter the sprint stage of this Bull Market!

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The altcoin season is bound to come! Unless ETH never rises, ETH itself represents altcoins. When the price and capital of BTC reach new heights, they will inevitably flow into other currencies. Otherwise, how can we create a high level of FOMO sentiment to harvest global retail investors? The expectation of altcoins for 25 years depends not only on the altcoin ETF, but also on the extent of interest rate cuts. Currently, BTC and altcoins are two classes. The new high of BTC will definitely come, but altcoins still depend on the overflow of funds. The next interest rate cut, if there are no problems, will occur in March. If one of the months from January to March has particularly good data, the Americans will also consider multiple rate cuts, and institutional money will also stay in the market. What we can do is to choose high-quality targets in advance and hold coins in anticipation!
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Yesterday, BTC was pressured and pulled back from the high point of 97777, reaching a low point of 96081, but it did not break through the effective support. Subsequently, the bulls began to consolidate and gather strength. In the evening, the bulls started to exert force, reclaiming lost ground and reaching a high point of 98978. From the current market situation, BTC's consecutive days of wide-range oscillation in the box finally have the potential to break through. Yesterday, the live broadcast repeatedly mentioned the key level of 97500, and breaking through it can continue to rise. As expected, the market has formed an upward structure. The current daily candlestick has formed a four consecutive bullish structure, successfully breaking through the middle track of the Bollinger Band, with continued warming sentiment and prices continuing to rise. Breaking through the upside is only a matter of time. The weekend market movement is expected to be relatively stable, with a sideways trend. Therefore, intraday trading can focus on buying at low positions.
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ETH followed BTC's breakout from the box and rebounded strongly. After being pressured to pullback from the high point of 3517 to 3421, it also rebounded after hitting the bottom, rising all the way to the high point of 3627. In terms of the candlestick structure on the daily chart, the trend formed a consecutive upward movement. The market reversed and broke through the upper resistance of the daily candlestick, indicating a clear upward potential. The bulls are expected to continue the upward trend. On the 4-hour chart, the short-term rhythm is gradually moving upward, with not much retracement in the short term and a change in structure. However, it is worth noting that the rebound on the hourly chart has converged, and short-term attention should be paid to the possibility of a pullback after the high, and consolidation. Currently, the main strategy is to go long at low positions.