Technical analysis by FX_Professor about Symbol BTC: Buy recommendation (11/23/2024)

FX_Professor

🤖🚀 Bitcoin, Ethereum, and Altcoins - What's Next in the Crypto Market? 📈🌐In this update, we dive into the crypto markets, exploring Bitcoin, Ethereum, and key altcoins as the tides shift bullish. Last time, I shared bearish insights—today, let’s unpack the green resurgence.Bitcoin Update:Bitcoin is back in an ascending channel, signaling bullish momentum.Key support: $94,175. Resistance: $97,660. A breach above could take us to the $100,000 mark—my confidence stands at ~65%.Reminder: If 94K support fails, caution is warranted as retracement could follow.Ethereum Insights:Outperforming Bitcoin with strong momentum. Target: $3,649.Favorable fundamentals and structure make Ethereum the standout choice, even over Solana, where trends are less promising.Altcoins in Focus:Total Alt Market Cap (excluding BTC/ETH): Support at 906B–900B, with resistance descending near 950B.Ethereum > Solana: Favoring Ethereum to outperform based on stronger structure and resistance levels.Specific setups:UNI: Stellar performance—targeting $14–$17.ICP: Bullish above $10.88, aiming for $14.DOGE: Support at $0.38–$0.44, with potential to test $0.69.XRP, Cardano, Solana: Showing resistance at critical levels; other assets may present better risk-reward.What’s Next? The crypto market is brimming with opportunities, but step cautiously. Resistance levels across assets require vigilance, and taking profits is always wise. Ethereum remains a key focus for its bullish trajectory, while Bitcoin’s potential climb to 100K could redefine sentiment.Stay tuned for more updates and analysis!One Love,The FXPROFESSOR 💙