Bitcoin has reached a new all-time high of $106,000, driven by strong market fundamentals and increasing institutional interest. With open interest hitting $67 billion, the spike in Bitcoin's price indicates heightened interest in derivatives markets. The next resistance level for Bitcoin is at $110,000, with potential selling pressure. On the downside, Bitcoin has solid support near $98,000. Altcoins like Ethereum may benefit from Bitcoin's rally. Dogecoin, on the other hand, is experiencing a drop in trading volume and lacks momentum, with a resistance level at $0.42. Ethereum has shown strength but faced selling pressure at the psychological level of $4,000. It is still bullish overall but needs more buying volume for a distinct breakout.



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