Market Overview - The crypto market cap has reached a new all-time high, exceeding $4.2 trillion, surpassing previous highs of $4.17 trillion in August and $3.72 trillion in 2024 [4] - The Fear and Greed Index is around 57, while the Altcoin Season Index is over 67, indicating growing excitement but also a need for caution against potential pullbacks [5][6] Bitcoin Analysis - Bitcoin has rebounded to over $122,000, maintaining a bullish structure despite potential sell-offs [2][7][14] - Key support levels to watch during a sell-off are around $120,000 (prior resistance) and $117,000 (September highs) [14][15] - Bitcoin's RSI has room to grow before reaching overbought territory, suggesting further upward potential [20][31] - A weekly close above $120,000 could propel Bitcoin to $130,000 or higher [22] Altcoin Analysis - Altcoins are showing strength, with XRP, XLM, and HBAR experiencing significant recoveries [1][3] - The Total 3 (altcoin market cap) is breaking out of a wedge, with the next target at $1.45 trillion if a weekly close is achieved [32][33] - The Others chart (excluding top cryptocurrencies) is considered undervalued and poised for a violent move, potentially reaching $1 trillion this cycle [38][39][40] - Key levels for XRP to watch include a daily close above $3.13 and a weekly close above $34 to confirm a bullish trend [26] Ethereum Analysis - Ethereum has recovered to over $4,500, but may experience a sell-off to create a higher low structure before continuing to new all-time highs [2][23][24] Overall Market Strategy - Focus on bullish structure and higher time frame closes for confirmation of market direction [7][44] - Be patient and watch for confirmation on higher time frame closes for signals of further market gains [44][45] - Monitor RSI levels on monthly charts to identify potential market tops, but avoid selling entirely based solely on overbought RSI conditions [28][30]
Crypto Holders Waited 4 Years For This Moment | What's Next For XRP & Crypto!?
NCashOfficial - Daily Crypto & Finance News·2025-10-04 04:00