#MarketSentimentToday $BTC Bitcoin Analysis
Bitcoin has seen a green candle, breaking above the $88,500 level, with a spike to $90,300.
The speaker advises caution until a significant green candle closes above this point for a continuation towards $95,000.
The major resistance level to watch for is $111,600, which is also the 50-week moving average. Breaking this level would signal a trend shift.
Be optimistic for Bitcoin in the mid-long term, expecting a new all-time high by 2026.
Ethereum is also showing a nice candle, facing resistance at $2,993. The next resistance levels are $3,265 and $3,617 .
Solana is attempting a bullish trend .
The speaker sees the biggest opportunities in Bitcoin and Ethereum .
Metal Market Analysis :
Silver gapped up to a new all-time high of $84-$85, briefly becoming the second-largest asset by market cap, but then saw a significant retracement.
The speaker notes volatile moves in silver, similar to Bitcoin and altcoins, and suggests it could be a potential top signal.
Gold and Palladium also experienced pullbacks.
Despite short-term potential tops in metals, the speaker believes liquidity will flow more into Bitcoin and specific crypto assets.
Trading Strategies
use trading strategies on for gold and potentially silver. A gold token strategy is up 41% on price and an additional 15% from grid trading over 248 days.
For Ethereum, there's a significant opportunity as the number of users looking to unstake Ethereum has decreased rapidly, and more people are now looking to stake Ethereum. This indicates buying the dip and a shift from selling pressure to staking demand.
The speaker reiterates that dips are good buying opportunities for Bitcoin and Ethereum, as well as some specific altcoins like BNB. However,be cautious for random altcoins, as they often go to zero.