On January 20, Bitcoin reached a new all-time high of $109,588 after a rally in the DeFi betting market. Newly launched Trump-related memecoins have also attracted attention, signaling a shift in the memecoin landscape. The S&P 500 Index showed signs of recovery after a previous bear trap, suggesting potential range trading. The US Dollar Index is facing weakening bullish momentum, indicating possible support levels. Bitcoin is poised for further gains if it stays above $108,353, with potential targets near $126,706. Analysis also indicates critical support and resistance levels for Ethereum, XRP, BNB, Solana, Dogecoin, Cardano, and Chainlink's price movements, with insights into their volatility and potential trading strategies. Traders are advised to proceed with caution amid market euphoria and volatility.

Source 🔗