Hot Spot
sats is currently running in a bullish channel and can be bought and held appropriately.
wld is worth paying attention to as it has bottomed out multiple times.
Keep an eye on core. When it breaks the downtrend line, an opportunity will arise.
Market Analysis
On the four-hour chart of BTC, the first image above is the key point to focus on. However, the recent trend is not clear, so short-term trading is acceptable. Pay attention to the upper range and the resistance at 63951, and the support at the 623-62700 level. If it falls below, it needs to be held, and also pay close attention to the four-hour chart. It's difficult to profit from a weak market, so it's important to be cautious. The above are all key points for trading in the hourly range. The resistance on the four-hour chart is at 64700-65000, and the support is at 61500-59500. I still recommend focusing on short positions and supplementing with long positions. Position control should be at 3%, with a stop-loss ratio of 3/1. Also, please note that this article has a lag, so use it as a reference. Daily updates are available on the "Coin to Money" public account.
Resistance: 64700-65000
BTC Support: 61500-59500
ETH, the second largest cryptocurrency, is also being assessed from two levels. It has been oscillating on the four-hour chart, continuously breaking through levels. It started to decline from 2423-2590-2702 after a stagnant rise. On the four-hour chart, pay attention to the resistance at 2703. If it breaks through and stabilizes, consider going long to 2790. If it doesn't break, look for a gradual decline to 2590-2423-2311. However, I personally don't see it going that deep. Let's first look at the division between long and short at 2423. Now, let's talk about the hourly chart. From yesterday to today, the intraday high has been continuously decreasing, and the bottom has not held steady, gradually reaching new lows. Therefore, it's acceptable to continue laying out short positions in the short term. The stop-loss ratio should be at least 3/1. If it breaks through, pay attention to the high and low points on the four-hour chart. Don't be greedy and remember that a big market trend will always emerge. If you don't understand, you can leave a message for communication, or search the same name on the entire internet for communication! Pay attention to the risks and remember! Please give this article a like, read it, and share it.
ETH Resistance: 2790
ETH Support: 2423
Key Data and News Analysis in the Crypto Circle
Summary
Due to the continuous inflow of funds into BTC ETF, the price of BTC is expected to remain stable or even rise in the short term. Although ETH has returned above $2600, its increase lags behind the overall market, and it needs to be seen whether it can narrow the gap with BTC in the coming weeks. The increase in Ethereum network fees and the amount burned may provide support for the price of ETH, but the decrease in the number of active accounts needs to be watched closely.
In the coming week, there will be a large number of tokens unlocking, especially Optimism and Venom. These unlocks may create short-term selling pressure in the market, and it is necessary to closely monitor the price fluctuations after the unlocks. The public chain sector and the Meme sector may continue to attract capital inflows, especially the strong performers SUI and POPCAT.
In addition, the trend of the US stock market and the exchange rate of the US dollar will continue to have a certain impact on the crypto market. The direction of the Federal Reserve's policy and the global economic situation need to be continuously monitored.
Overall, the market is currently relatively stable, but the large token unlocks in the coming week and the uncertainty in the macroeconomy may bring some volatility. Investors should closely monitor the inflow of funds into BTC ETF, the dynamics of the ETH network, and the unlocking of major tokens. At the same time, pay attention to the performance of hot sectors in the market and the impact of macroeconomic factors in order to adjust investment strategies in a timely manner.
Personal Introduction
Graduated from the Finance Department of Nanjing University, formerly worked as a risk management expert at Shanghai Yimeng Securities and a private wealth advisor.
First invested in BTC in 2015 and has been focusing on the crypto circle for nine years, experiencing multiple bull and bear markets.
Integrates deep financial expertise and sufficient industry experience into practical trading.
Helps students quickly master trading skills and improve their trading systems.
Trading style: Skilled in building structured thinking, and created the financial trading course "Naked K Warfare," among others.
For business inquiries, search for the same name on the V public account "Coin to Money."
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