Is the main character of the bull market changing? Ethereum is ready to take over Bitcoin, with a high chance of winning!

CN
2 months ago

Popular Spot Trading

SATS is currently operating in a bullish channel, suitable for buying and holding.

WLD can be slightly monitored, as there are quite a few low-point signals.

Pay more attention to CORE; if it breaks the bearish trend, there will be a nice upward wave.

CFX should be closely watched to see if it can break through and stabilize at 0.19280; if it stabilizes, consider entering.

The above four spots have been around for over ten days; if you just saw this, do not enter blindly. You can leave a message or join the community for discussion.

Market Analysis

BTC Analysis: Before we start, everyone should take a look at the chart above; it's quite obvious, right? The big opportunity is very clear. The more this happens, the more everyone needs to pay attention to risk. Remember, my personal thought process is not to consider how much profit I can make, but whether I can accept the risk if it goes against me. This is also something everyone should consider; it's about winning before losing.

So, with the daily high points gradually rising, if it breaks through, the coin will definitely surge to 70100. If it doesn't go up, there will at least be a drop of 3-5000 points. The short-term range for BTC on the four-hour structure is 66581-67500-68400-70100. At this time, everyone will definitely be curious why there is no 69 range; because the last significant rise directly skipped 69 and went straight to the 70,000 mark. Therefore, we can only refer to the previous highs on the left for layout. I have been bullish for a week, from 61 to now, still looking bullish. Currently, I still have not changed my main thought process. Those who understand know. In terms of operation, it is still recommended to buy on dips before a specific structure is formed. The WeChat public account "Coin Towards Money" updates daily 🔍.

Resistance Level: 69000-71000
BTC Support Level: 65500

ETH Analysis: You can compare the daily charts of Ethereum and Bitcoin; you should find that multiple take-offs are led by Bitcoin. The leader is still the leader. However, many eyes are currently on Bitcoin, and Ethereum may become a breakout player. Multiple downward spikes are a sign. "The spring river water warms, the duck knows first." Ethereum must be ambushed. Boldly predicting and cautiously verifying is my main thought process moving forward. If it takes off, do not chase halfway; if it rises, do not rush to sell. This is a big opportunity!!!

Looking at ETH on the four-hour chart, from low to high, I will share the resistance and support levels for your reference: 2572-2597-2614-2674-2720-2790-2830-3100 are key levels. Many brothers may say how could it go that high; do not judge the crypto market with your own eyes. If others can make profits, why can't you? As long as it doesn't break the level, gradually test with small positions. If you catch it, hold it steady and wait for the ride. Don't wait until the train has left before realizing it. Those who understand know. Personal suggestions are for reference only. If you want to follow my trades, feel free to leave a message and join the community! When others are greedy, I am fearful; when others are fearful, I am greedy. Remember, if you don't understand, you can leave a message for communication, or you can communicate with the same name across the internet 🔍! Just pay attention to the risks! Please like, watch, and share the article!

ETH Resistance Level: 2790

ETH Support Level: 2520

Macroeconomic Overview: The three major U.S. stock indices closed lower, and U.S. Treasury yields rose.

The three major U.S. stock indices all closed lower, with the S&P 500 index down 0.96% at 5695.94 points; the Dow Jones index down 0.94% at 41954.24 points; and the Nasdaq index down 1.18% at 17923.90 points. The benchmark 10-year U.S. Treasury yield is at 4.03%, while the 2-year U.S. Treasury yield, which is most sensitive to Federal Reserve policy rates, is at 3.99%.

The U.S. 2-year/10-year Treasury yield curve has turned negative for the first time since the Federal Reserve cut rates by 50 basis points on September 18. Traders expect further rate cuts from the Federal Reserve this year to be less than 50 basis points.

Summary

In the coming months, Bitcoin may continue to face challenges from market volatility and macroeconomic policies. As investor interest in DOGE rises, it may drive its price further up. The market's interpretation of Federal Reserve policy will be key, especially the pace and magnitude of rate cuts, which will directly affect the performance of risk assets.

Additionally, as the U.S. presidential election approaches, political meme tokens may see a surge in popularity, attracting more investor attention. Overall, the recovery of the altcoin market and the popularity of meme tokens may provide new opportunities for investors, but the sustainability and stability of the market still need to be observed.
Personal Introduction
Graduated from Nanjing University with a degree in finance, previously worked as a risk management expert and private wealth advisor at Shanghai Yimeng Securities.

Invested in BTC for the first time in 2015, focusing on the crypto market for nine years. Experienced multiple bull and bear cycles.

Incorporating deep financial expertise and sufficient industry experience into practice.

Helping students quickly master trading skills and improve trading systems.

Trading Style: Good at building structured thinking, created financial trading courses such as Naked K strategy, etc.

For business inquiries, search for the same name on WeChat public account "Coin Towards Money."

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Search for the same name on WeChat public account "Coin Towards Money."

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