From the 12-hour candlestick chart, bitcoin broke through the upper boundary of the converging triangle, retraced, and then broke through the key level of $0.1 million. Structurally, as long as bitcoin does not show weakness, it is expected to continue to push upwards. Compared to bitcoin's strength, the price of ethereum is relatively weak, still about $1200 away from the all-time high of 4880.
However, from the trend perspective, ethereum has completed the exchange of support and resistance, retraced to confirm around $3520 support. With bitcoin reaching $0.1 million, ethereum is expected to see a rebound, hoping it can break through the all-time high.
As for other altcoins, as bitcoin rises, it gathers a lot of market liquidity, causing most altcoins to be in a downtrend. When the market takes liquidity away from bitcoin and enters a period of bitcoin consolidation, it will herald the altcoin season of this bull market. Personally, I think meme coins and AI projects will be key players in this crypto bull market.
—— The Trader Funds Trader's Perspective

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Today’s US Stock Market Highlights: Major Indices Close at Record Highs
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