The biggest event in the crypto circle yesterday was the arrest of the founder of TELGRAM.
The $TON-related ecosystem, whether it's TVL or coin price, has experienced a significant decline. I believe this kind of panic sentiment will not be temporarily dispelled until further explanation is provided by the official.
Bitcoin traded sideways all day yesterday, breaking through 65000 in the morning and being pushed back to 64000. Even though there was a slight decline due to Ton, the sentiment remains good!
On the 4-hour chart, Bitcoin showed a downward trend yesterday, but it traded sideways almost all day with little fluctuation.
Based on past observations, after this kind of sideways movement instead of a decline, there is often a big wave to follow. The longer it is suppressed like a spring, the greater the force once it breaks free.
A new week begins, and the trend direction still looks bullish!
Bitcoin was very strong over the weekend. After Powell's dovish remarks, it directly broke through the resistance range of 61000-62000, reaching as high as above 65000. Confidence in the market has been reignited.
Overall, it is still in a range-bound market. Bitcoin is currently trading around 64000, and ETH is around 2700.
Bitcoin BTC resistance levels are 64800-65500-66200, support levels are 63500-63000-62000.
ETH resistance levels are 2800-2880-2950, support levels are 2700-2640-2580.
Unless there is a black swan event, the market is unlikely to experience a major decline. After such a long adjustment, the market is due for a move! Long-term thinking is the main focus, and short-term trading opportunities are available!
The next key focus for Bitcoin is the 70000 level. Once this position is successfully held, it will open the door to a true bull market, and a explosive market in Q4 is actually unfolding.
Altcoins
Currently, Bitcoin and ETH are in a range-bound market, and most altcoins follow the overall market trend. Hold on to spot positions!
It's very obvious these days that some altcoins can't hold back and are starting to cause frequent fluctuations! Each rally is often tens of percentage points or even doubles within the day, but they are mostly low market cap coins. There will also be more recommendations in the group in the near future!
Over the weekend, there was a small rebound in altcoins, which will undoubtedly continue to drive the altcoin market along with the overall market rise.
In the near future, focus on buying high-quality coins in terms of operations:
Such as Bitcoin ecosystem, high-quality meme coins, old defi tracks, RWA, and so on.
Currently holding coins:
Eth Sol Ordi Sats Op Wif Bome Bonk Stx Wld Api3
Recommended secondary wave coins, make your own decisions based on profits, and learn to trade waves if necessary!
Do not fully invest all your positions, leave some as flexible funds!
Follow me and let's welcome the super bull market together!!!
In the crypto industry, if you want to seize the opportunity of the next bull market, you need to have a high-quality circle, where everyone can huddle together, maintain insight. If you are alone, looking around, and finding no one, it's actually very difficult to persist in this industry.
If you want to huddle together or have any doubts, feel free to join us - WeChat public account: Youth with Coins
Thank you for reading. If you like it, please give it a thumbs up and follow us. See you next time!
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