BTC surpasses $75,000! Has the upward channel been fully opened?
1、 $Bitcoin (BTC.CC)$ The futures market, starting from November last year, completed a series of actions including panic selling, natural rebound, and secondary testing. After a volume contraction consolidation at the end of December, it rose and entered a bullish price-volume cycle. It is currently facing resistance near the 99,000 axis level, waiting for a pullback to create a buying opportunity.

2、 $Ethereum (ETH.CC)$ Futures saw panic selling in November last year, followed by a natural rebound and secondary testing before rising. It is now facing resistance at 3,478, within a bullish price-volume cycle, and waiting for a pullback to create a buying opportunity.

3、 $Robinhood (HOOD.US)$ Following a symmetrical triangle pattern, the current volume expansion is pushing towards the upward trendline, indicating demand entering. Monitor whether the market can stabilize at the support level, potentially creating a buying opportunity.

4、 $Coinbase (COIN.US)$ A B-type volume distribution has formed, with increased divergence between bulls and bears, and the stock price entering a range-bound oscillation. Currently, there is significant volume as it drops towards the volume control point (orange line) and axis support, direction remains unclear but there may be an opportunity to stabilize.

5、 $Strategy (MSTR.US)$ Completed panic selling and a low-volume secondary test at the 155 support level, entering a consolidation phase, forming a B-type volume distribution. The rebound surged with high volume but retreated, exacerbating the bulls vs. bears conflict; overall trend appears weak, and further consolidation is likely ahead.

6、 $Circle (CRCL.US)$ In November, panic selling briefly occurred, followed by a low-volume rebound that failed to reach the 61.8% retracement level of this decline, leading to sideways movement with weak technical patterns. After recent low-volume narrow consolidation, a high-volume bearish candlestick emerged, potentially testing the previous low of 65.5 support.

7、 $IREN Ltd (IREN.US)$ After a period of consolidation, a short-term uptrend emerged but temporarily stalled at the 50% retracement level of this decline and the resistance around the neckline of the double top near 55. Currently in an ascending wedge, prices might see short-term pullbacks.

8、 $Cipher Digital (CIFR.US)$ Range-bound oscillation continues, currently facing resistance at the upper boundary of the value zone. Overall trading volume is declining continuously, increasing the likelihood of an accumulation zone.

9、 $Bitmine Immersion Technologies (BMNR.US)$ Since November, consecutive phases of panic selling, natural rebound, and low-volume secondary testing have been completed, entering a consolidation range. The stock price is now moving toward the convergence point and reaching the volume control point (orange line), forming a B-type volume distribution. Increased divergence between bulls and bears suggests cautious observation is recommended.

10、 $MARA Holdings (MARA.US)$ At the end of December last year, a low-volume false breakout downward was completed, followed by a high-volume rebound stabilizing near the 10-yuan support level. Currently, the stock price is near the volume control point (orange line) and has formed a B-type volume distribution; intensified bulls vs. bears divergence makes the direction unclear, suggesting temporary observation.

11、 $Riot Platforms (RIOT.US)$ At the end of last year and the beginning of this year, after stabilizing near the annual moving average (yellow line), a rapid rebound reached the 50% retracement level of this decline but faced strong resistance on high volume. A B-type volume distribution has now formed, intensifying bulls vs. bears divergence; the stock price may retreat in the short term, entering a sideways consolidation trend.

$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ $Russell 2000 Index (.RUT.US)$ $iShares Russell 2000 ETF (IWM.US)$ $Bitcoin (BTC.CC)$ $CME-Bitcoin RR Futures (JUL6) (BTCmain.US)$ $iShares Ethereum Trust ETF (ETHA.US)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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