Bitcoin Approaches $100,000 Mark, Bullish Market Sentiment Soars
In the Asian morning session, it briefly touched $99,388, a new high since February this year, currently slightly retracing to $98,874. Analysts believe that if it stabilizes above $95,000, the probability of returning to the historical high increases significantly, with almost no obvious resistance in the short term. Data shows that investor confidence continues to rise.
Glassnode points out that Bitcoin's actual market value has reached a new high of $88.9 billion, with ETF net inflows exceeding $4.6 billion in two weeks, indicating continued institutional fund accumulation. CryptoQuant also discovered a surge in stablecoin inflows, suggesting increased market buying intention. Meanwhile, USDT market share is declining, spot ETF holdings are approaching historical peaks, and the progress of several Bitcoin-supportive legislations in the US collectively provide upward momentum. The market is closely watching this critical moment, and whether Bitcoin can officially break through $100,000 will be a bellwether for the next phase of market movement.
Altcoin recovery is in full swing! As Bitcoin breaks through, PEPE immediately follows, with the recovery effect immediately apparent. Current short-term targets are 0.093 and 0.097, with the market like a roller coaster, requiring precise and swift operation!
EOS
Vaulta announces token replacement on May 14, with original EOS tokens to be renamed A at a 1:1 ratio, with no fees during the replacement process. Total token volume and economic model remain unchanged, with no impact on user assets. This renaming aims to promote brand upgrade and ecosystem expansion, and users are advised to follow official channels and complete the replacement operation on time. From a technical perspective, EOS shows a strong trend. After stabilizing at $0.6848, it quickly surged and formed effective support around $0.7000 and $0.7250. Current resistance is at $0.7740, and if breakthrough occurs, it may challenge $0.8000. MACD golden cross and RSI at 63.69 indicate good upward momentum, with further upside potential.
SOL
The 4-hour chart shows SOL displaying strong upward momentum, rebounding from $141.48 support and currently approaching key resistance at $153. RSI is 60.37, not yet overbought, and MACD has just turned positive, indicating bulls are controlling the rhythm. If $153 is successfully broken, it may challenge Fibonacci targets of $157.71, $165.26, and even $173.50, opening up further upside. If the high is rejected, support levels to watch are $147.74 and $141.48, with potential extension to around $136 if broken.
ADA
In the past week, ADA has shown strong bullish momentum, successfully breaking through the $0.70 resistance after consolidating in the $0.64–$0.66 range, releasing a clear buy signal. Current price is retesting the key Fibonacci 0.5 retracement level at $0.70, and if it holds and breaks $0.72, it may challenge the next target of $0.75. Trend lines and continuously rising lows further confirm the upward trend. As long as the $0.70 support is maintained, further upside potential can be expected.
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