On January 25, 2016, BTC once again broke through 100,000, sharks are about to complete 886, can the triangle pattern break through?

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1 day ago

Texas Senator Proposes Bill to Establish the First State-Level Bitcoin Strategic Reserve in the U.S.

Canary Submits Revised Litecoin ETF Application, Documents Indicate Possible Engagement with the SEC, and a Revised S-1 Application Has Been Submitted to Advance Its Litecoin ETF (Exchange-Traded Fund) Plan.

VanEck Submits On-Chain Economy ETF Application to the SEC, Planning to Invest Over 80% of Assets in Companies Related to Digital Transformation and Digital Asset Tools, Including Software Developers, Mining Companies, Cryptocurrency Exchanges, Payment Companies, etc., but Will Not Directly Hold Cryptocurrencies.

Regarding Last Night's CPI Data, Year-on-Year Increase of 2.9% and Month-on-Month Increase of 0.4%, Both in Line with Market Expectations. Core CPI Year-on-Year Increased by 3.2% and Month-on-Month Increased by 0.2%, Both Below Expectations. Therefore, Whether It's CPI, Non-Farm Payrolls, or Other Data, It Is Used to Correct the Market; the World Is Just a Makeshift Stage, Data Serves Finance, and Finance Serves Politics. There Is Nothing New Under the Sun; Go with the Flow.

Bitcoin

Last Night's Surge Reached a High of 100,866, Approaching Completion of the 4H Shark Pattern Targeting Around 101,000 (Yesterday Clearly Mentioned a Difference of Less Than 200 Points, with a Larger Daily Shark Pattern Targeting 106,000 or Even 110,000). The Daily Line Has Touched the Upper Side of the Triangle Pattern and Is Currently Facing Pressure Below 102,724, Which Is Also the W Neckline.

For Those Observing the Short-Term, It May Be Wise to Take Half of the Position to Secure Profits, While the Remaining Can Be Added Back on a Pullback or Held Until the Previous High. The Daily Line Has Touched the BOLL Upper Band, So It Is Important to See If It Can Hold Steady Here.

Support: Pressure:

Ethereum

Ethereum's Highest Rebound Reached 3,473. Previously, We Mentioned Two Resistance Levels at 3,444 and 3,555, So a Short-Term Pullback Here Is Normal. Support Below at 3,300—3,180.

On the Daily Line, We Mentioned a Descending Wedge. If Bitcoin's Daily Triangle Cannot Break Through Strongly, Ethereum Will Continue to Move Within the Descending Wedge, Pulling Back Before Continuing to Rebound. Support: Pressure:

Altcoins

LTC: Saw a Significant Surge This Morning, Breaking Through the Daily Triangle Structure, Later Hearing About ETF Expectations; a Short-Term Pullback Still Presents an Entry Opportunity.

UNI and SUSHI Are Both Decentralized Tokens, Also Touching the Triangle Pattern for a Short-Term Pullback, Which Can Be Entered…

If You Like My Views, Please Like, Comment, and Share. Let's Navigate Through Bull and Bear Markets Together!!!

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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