Hot Spot
sats is currently running in a bullish channel and can be bought and held appropriately.
wld can be observed as it has bottomed multiple times.
Keep an eye on core. When it breaks the downtrend line, an opportunity will arise.
Keep an eye on people.
Keep an eye on meme.
Market Analysis
BTC has already formed a double top, and the upward momentum has stalled. Look for a downward retracement. On the four-hour chart, a rising wedge pattern has formed, and although the high points are continuously rising, the upward momentum is limited. It is recommended to focus on the hourly chart for specific layout, with clear resistance at the double top and continuously rising high points at the bottom. Therefore, pay attention to shorting at 645-648 resistance and longing at 623-627 hourly channel. The overall direction remains the same, and as long as the chips are controlled well, it is possible to break through the 615 strong support and go long. Additionally, focusing on the initial claims market tomorrow may bring new momentum and accelerate the decline or break through directly. Remember to defend and note that I mainly use naked K and channels for layout, and rarely use MA and Bollinger Bands due to their strong lagging nature. If you want to see them, you can leave a message, and I can include them next time. Note that this article has a lagging effect and should be used for reference. For daily updates, follow the "币向钱看" public account.
Resistance: 64700-65000
Support: 61500-59500
As for ETH, I personally have a bearish view. As you can see from the chart, the overall channel is not completely synchronized with BTC, with continuously weakening high points and a standard bearish channel at the bottom. Short-term trading is possible, but attention should be paid to the upward sentiment and the entry of blood-stained chips. Although ETH briefly touched 2702, it did not hold steady. For operations, consider entering long at the lower channel of 2590 in the evening and intraday. If it breaks through strongly, the next target is 2423. Be cautious and refer to the four-hour chart from yesterday if it breaks through. Remember, when others are greedy, I am fearful, and when others are fearful, I am greedy. If you don't understand, you can leave a message for communication, or communicate with me on the same name across the entire network! Pay attention to the risks! 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 is necessary to pay attention to 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 fund inflows, especially strong performers like 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 US 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 next week and the uncertainty of the macro economy 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 market for nine years, experiencing multiple bull and bear cycles.
Integrates profound financial expertise and sufficient industry experience into practical trading.
Helps students quickly master trading skills and improve trading systems.
Trading style: Skilled in building structured thinking, self-created financial trading courses such as naked K warfare, etc.
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