Brothers, good afternoon, a new week has begun
✅️Let's review the market
Overall, it fully met expectations, and this wave can be called a perfect operation, with the highs mostly gone, Hong Kong conference plus Saturday and Sunday, no additional positive catalysts, just a downward trend, the conference hasn't ended yet, and the pullback still needs adjustment, Bitcoin has been in a bearish state these past two days, from around the high of 78,300 to about 73,700, a typical retracement!
✅️Market Analysis
These days, it's still a high-altitude mindset, the phased bottom may keep rising higher, but there will definitely be various long and short shakeouts along the way! As of now, the market price is around 74,000 for Bitcoin, about 2,260 for Ethereum, from the chart, it will continue to decline today,
Resistance and Support
BTC 74,800/75,200/76,000
73,800/73,000/72,500
ETH 2,300/2,350/2,400
2,250/2,200/2,140
Short-term intraday trades are still high-altitude, with stop-loss near one point
✅️Spot Altcoin Recommendations and Analysis
I have to mention, this $Rave drop is really terrifying, nearly $30 from the high, currently the market price is $0.5, if you're caught, it might be a lifetime loss, many coins are now completely manipulated, with no regulation, during the rise, short positions are constantly being liquidated, during the fall, bottom-fishing keeps buying at the top!
Spot trading recently, driven by $ordi 's pump, brought some sentiment, but it didn't last long, on-chain funds are still too lacking in liquidity, sector effects haven't been fully triggered, and with the weekend conference, everything got pulled back.
Current spot holdings, can't say there's no play, just take a bite and leave, any fighting pattern is a no-go!
The big moves are in Alpha zones + contract targets, but the volatility is high, and it's hard to hit the right one without news, so just observe and be cautious!
Today, there's not much spot to recommend, still more watching than acting, no need to trade every day!
✅️Let's review the market
Overall, it fully met expectations, and this wave can be called a perfect operation, with the highs mostly gone, Hong Kong conference plus Saturday and Sunday, no additional positive catalysts, just a downward trend, the conference hasn't ended yet, and the pullback still needs adjustment, Bitcoin has been in a bearish state these past two days, from around the high of 78,300 to about 73,700, a typical retracement!
✅️Market Analysis
These days, it's still a high-altitude mindset, the phased bottom may keep rising higher, but there will definitely be various long and short shakeouts along the way! As of now, the market price is around 74,000 for Bitcoin, about 2,260 for Ethereum, from the chart, it will continue to decline today,
Resistance and Support
BTC 74,800/75,200/76,000
73,800/73,000/72,500
ETH 2,300/2,350/2,400
2,250/2,200/2,140
Short-term intraday trades are still high-altitude, with stop-loss near one point
✅️Spot Altcoin Recommendations and Analysis
I have to mention, this $Rave drop is really terrifying, nearly $30 from the high, currently the market price is $0.5, if you're caught, it might be a lifetime loss, many coins are now completely manipulated, with no regulation, during the rise, short positions are constantly being liquidated, during the fall, bottom-fishing keeps buying at the top!
Spot trading recently, driven by $ordi 's pump, brought some sentiment, but it didn't last long, on-chain funds are still too lacking in liquidity, sector effects haven't been fully triggered, and with the weekend conference, everything got pulled back.
Current spot holdings, can't say there's no play, just take a bite and leave, any fighting pattern is a no-go!
The big moves are in Alpha zones + contract targets, but the volatility is high, and it's hard to hit the right one without news, so just observe and be cautious!
Today, there's not much spot to recommend, still more watching than acting, no need to trade every day!
