Hot spot in spot market
sats is currently running in a bullish channel and can be bought and held appropriately.
wld can be paid attention to, as the bottom has been built multiple times.
Pay attention to core, when it breaks the downtrend line, the opportunity will come.
Keep an eye on people.
Keep an eye on meme.
Market analysis
BTC's overall daily and four-hour charts have not shown much change. The price has reached a high of 65968, and the "Dog Whale" has continuously allowed everyone to buy low and make profits. Although there have been pullbacks during the uptrend, the overall structure is still continuously rising. From the hourly chart, the uptrend channel has been broken. I won't short it unless it breaks 64200. The main strategy is to buy low, and there is even a greater possibility of consolidation. The resistance levels of 65968-68000 are all upper resistance levels. I won't short it unless it breaks the lower side, and won't short it until it reaches 68. Overall, pay attention to the breakout at 615 and the second confirmation. The overall market of BTC and altcoins has already started to decouple, so be cautious about entering and exiting at the same time. I suggest staying in cash and waiting for opportunities. Also, with the upcoming election, those who understand know that I mainly use naked K-line and channels for layout. I rarely use moving averages and Bollinger Bands because they lag behind. If you want to see them, you can leave a message, and I can include them next time. Please note that this article has lagging information and should be used as a reference. For daily updates, you can follow the WeChat public account "币向钱看".
Resistance level for BTC: 65000-68000
Support level for BTC: 61500
ETH's overall structure has not shown much change. Pay close attention to the layout on the hourly chart. As I mentioned before, when BTC was at 65, ETH was around 2800. Therefore, under the premise of weak correlation now, it can have an independent trend. For example, as shown in the chart, as the bottom continues to rise, I think ETH will continue to rise to around 2790. Pay attention to the bottom at 2590, and if it breaks, look at 2590-2520-2423. Without breaking, look at the upper resistance levels of 2702-2790 to possibly return to 826. Control the overall position and be prepared for defense. 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 to communicate, or you can communicate through the same name on the internet. Pay attention to the risks! Please remember! Please give this article a like, read it, and share it.
Resistance level for ETH: 2790
Support level for ETH: 2423
Main data and news analysis in the cryptocurrency circle
Summary
Due to the continuous inflow of funds into BTC ETF, the price of BTC is expected to continue 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 cryptocurrency market. The direction of the Federal Reserve's policy and the global economic situation need to be continuously monitored.
Overall, the market is currently in a relatively stable state, but the large token unlocks in the coming week and the uncertainty of 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 cryptocurrency circle for nine years, experiencing multiple bull and bear markets.
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-line tactics, etc.
For business inquiries, search for the same name on WeChat public account "币向钱看"
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