Bitcoin breaks through the 140 million yuan mark, mainstream altcoins show a strong technical rebound momentum

Source: TokenPost Original Title: Bitcoin recovers 140 million yuan… Altcoins also show technical rebound and trend reversal attention Original Link:

Bitcoin breaks through 140 million yuan threshold, mainstream altcoins show strong technical rebound momentum

Bitcoin shows a strong rebound after breaking through the 134 million yuan threshold, but the selling pressure after reaching short-term highs has also become a market focus. Major altcoins follow suit and are expected to continue the short-term recovery trend.

According to data from cryptocurrency market data firm, last week Bitcoin spot ETF(ETF)net outflows reached approximately $1.37 billion(about 2 trillion KRW). The sharp outflows from Thursday to Friday indicate that institutional investors remain cautious.

Major Bitcoin holding company Strategy increased holdings by an average price of $91,519(about 134.23 million yuan), adding 13,627 BTC. The total holdings now amount to 687,400 BTC, with an average purchase price of about $75,353(about 105.55 million yuan). This suggests some institutions are betting on long-term upside potential rather than downside risks.

Technical outlook: Bitcoin breaking 140 million yuan may surge toward 157 million yuan

Bitcoin faced strong resistance at $94,789(about 13.911 million yuan), but successfully rebounded supported by trend lines and moving averages, recapturing $92,000(about 13.496 million yuan). If it breaks above the resistance, the price could attempt to reach $100,000(about 14.670 million yuan), further possibly surging to $107,500(about 15.770 million yuan).

Conversely, if it fails to break the resistance and falls below the moving average, the price may retest $84,000(about 12.322 million yuan), maintaining a consolidation pattern.

Fidelity global macro chief Julien Timmer stated that Bitcoin’s growth trajectory is similar to the S-curve of internet adoption. In the next year, $65,000(about 9.535 million yuan) could become a realistic dividing line for BTC.

( Altcoin technical analysis: Ethereum and Solana show clear upward signals

Ethereum)ETH###: Rebounded at the 20-day moving average of $3,088(about 453,000 yuan), seeking upward momentum. During the rise, it may surge to $3,569(about 523,000 yuan), further touching $4,000(about 586,000 yuan).

Solana(SOL): The critical resistance at $147(about 215,000 yuan) is crucial. The current 20-day EMA is trending upward; a successful breakout could push it toward $172(about 252,000 yuan).

Ripple(XRP) and ADA(ADA): Still in consolidation zones, looking for direction. XRP needs to hold support at $1.61(about 2,362 yuan), while if ADA falls below $0.33(about 485 yuan), it risks retesting October lows.

( Other notable coins: Dogecoin and Bitcoin Cash

Dogecoin)DOGE###: Engaged in fierce competition between $0.13(about 191 yuan) and $0.16(about 235 yuan). Breaking above resistance could push toward $0.19(about 279 yuan), further to $0.22(about 323 yuan).

Bitcoin Cash(BCH): Failed to break through the $670(about 98,300 yuan) resistance, facing short-term downside pressure. Reclaiming this level could rebound to $720(about 105,600 yuan), but if it drops below $619(about 90,800 yuan), there is a risk of falling to $518(about 76,000 yuan).

( Market comprehensive analysis

Overall, the technical rebound is underway, but Bitcoin ETF net outflows and resistance level selling pressure still exist, and correction possibilities have not been eliminated. Most altcoins are holding key supports and participating in rebounds, but a true trend reversal still requires breaking through upper resistance.

Whether BTC can break through the $94,789)resistance will determine the short-term market direction. If it breaks downward, a consolidation pattern is expected to continue, and traders should focus on key support and resistance levels of major coins.