Today, there is no need to say much about the market, Bitcoin and Ethereum are both surging, and even gold is rapidly rising, with CEX, DEX, and commodities all showing positive gains.
Today we will mainly discuss three areas: dissecting the underlying reasons for this wave of increase, looking at how it will proceed from a technical perspective, and finally listing a few targets that are worth watching in this round of market.
This wave of broad gains indicates that the fundamentals have turned bullish.
First, let's talk about why there was a sudden rise.
The most direct catalyst was the Bitcoin research report published by BlackRock a few days ago.
Don’t underestimate the research reports from large institutions; friends who experienced the bull market in 2020 should have some impression. Trading based on Grayscale's reports allowed many to make significant profits. I wonder if there are any veteran players in the comment section who experienced that bull market.
The deeper logic is that the direction of regulation has changed.
In the future, there will be more high-quality real projects issuing tokens directly on the blockchain, rather than the previous method of air coins — it could be energy companies supported by sustainable real businesses, or various traditional assets.
In summary, the SEC's regulatory direction can be captured in one sentence: the U.S. stock market and the cryptocurrency market are accelerating their integration.
This is also the core reason why our research institute believes that the macro environment has already turned bullish.
Technical Perspective: The Upward Space Has Opened Up
After discussing the fundamentals, let's look at the technical signals in the market.
First, looking at the MACD indicator, after previously breaking through the zero axis and rising, in the process of shaking off positions, the MACD is likely to retest the zero axis, and a golden cross will likely form above the zero axis.
Once the golden cross is confirmed, the next wave of upward movement will be initiated. The K line also shows a standard strong bullish arrangement, with a clear direction.
Looking at the distribution of positions, Bitcoin has firmly established the second phase support level 69347.
When expanding the view, the next significant area of concentrated positions is at 77,000, where it will encounter relatively strong resistance.
In other words, there is still a lot of space above.
The bull is coming! Moo~
Of course, it's not entirely without risk; there is one point that everyone needs to be aware of.
According to the method of main force attraction, some main powers might repeatedly add to their positions during the price surge, propping up their costs. This order is quite substantial, totaling a super large order of 58 million, which is currently the only risk item I see.
But overall, both the fundamentals and technicals show a bullish trend; everyone just needs to keep an eye on the main large orders without affecting the overall direction — take what you should take and do what you should do.
By the way, for friends who do not have a Coinbase account yet, register through the AiCoin exclusive link or exclusive invitation code to receive a reward of up to 50U.
If you haven't bound it yet, you can take a few minutes to do it; if you can't, just reach out to customer service for help.
Invitation Code: Y8L23JL
Invitation Link: https://jump.do/xlink?checkProxy=true&proxyId=25
For this round of the market, prioritize watching these few targets, and finally, I will list a few quality directions
The first choice is definitely BTC; the trend is far from over, the first wave has just started.
The second is ETH, which has surged even more than Bitcoin in this round, already stabilizing at a key position, with greater subsequent space.
The third to pay attention to is HYPE, and finally gold.
Overall, I recommend that everyone concentrate their positions in these top few, as they offer higher certainty and greater opportunities. Other altcoins carry higher risks and are not highly recommended for now.
Positions can lean towards these few; the market is not yet finished, and the music and dance will continue!
Currently, there are live broadcasts every day; welcome to keep following AiCoin friends! Make an early reservation👇
https://www.aicoin.com/zh-Hans/live/list?tab=upcoming
Join our community to discuss and become stronger together!
Official Telegram Community:
AiCoin Chinese Twitter:
Aster Rebate:
https://www.asterdex.com/zh-CN/referral/9C50e2
Hype Rebate:
https://app.hyperliquid.xyz/join/AICOIN88
Binance Rebate:
https://jump.do/zh-Hans/xlink-proxy?id=3
Invitation Code: aicoin668
Coinbase Rebate:
https://jump.do/xlink?checkProxy=true&proxyId=25
Invitation Code: Y8L23JL
Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.