The US-listed mining company BitFuFu announced that it has signed a two-year framework agreement with Bitmain to purchase 80,000 S series mining machines (including but not limited to S21 XP and S21 Pro) to support its self-operated mining business and cloud mining services.
This morning, USDC Treasury minted a total of 400 million USDC in three transactions (one of 300 million and two of 50 million each). Subsequently, it transferred 300 million USDC to Coinbase. VanEck's research director stated that the likelihood of the US approving the SOL ETF in 2025 is "very high."
Bitcoin
Bitcoin briefly touched 97,800 under pressure and fluctuated. This level also coincides with the daily MA20 resistance; a breakthrough here could lead to a move towards the lower end of the 100,000 range.
The 4-hour descending wedge breakout + bat pattern expectation + head and shoulders bottom pattern suggest a short-term opportunity for a rebound after a retest of the head and shoulders neckline.
Support: Resistance:
Ethereum
Yesterday, Ethereum broke out of the small range of 3,444 that had been fluctuating for a week, currently retesting support, which also coincides with the breakout of a converging triangle. The larger resistance level above is at 3,555.
After Bitcoin's false breakdown and rebound, we have consistently reminded about the opportunity for Ethereum to catch up.
Support: Resistance:
Altcoins
XLM has broken through the descending trendline and the potential duck-bill pattern, along with a descending wedge breakout. Additionally, the market expects favorable conditions for compliance sectors with Trump's return, coupled with Grayscale Trust's increased holdings.
ALGO
The pattern is similar to a trendline breakout of a potential duck-bill shape, with older coins in the payment sector accumulating in the NFT and DeFi ecosystems.
THETH
After breaking down from the M top, it returned to the downward trend and has been fluctuating for about a week, remaining relatively stable, looking for a rebound opportunity.
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The article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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