🚀🚀Today’s market analysis💥💥
The recent market trend of BTC has gradually transitioned from a sharp rise to a steady rise. It has tested the 5-day line many times but has not formed a clear trend.
Although the market had a slight correction yesterday, there was no significant correction signal, which left the market in a delicate balance of long and short interweaving. At present, blindly going long or short may face certain risks.
Amid this turmoil in cryptocurrencies, ETH’s performance has been relatively weak. Although it briefly broke through the high of 3521, it immediately began to fall back, providing an entry opportunity for bears. However, investors still need to be cautious when conducting short sales and wait for BTC to give a clear callback signal. For bulls, you may need to wait until spot ETFs are listed and the grayscale sell-off is completed before you can see a better entry opportunity.
In contrast, SOL's trend appears particularly strong. Its characteristics of rapid rise and small retracement make it a star variety in the market. Currently, SOL is close to the previous high of 188. For investors seeking long opportunities, SOL is undoubtedly a variety worthy of attention. $BTC
