Will Bitcoin fall back to $60,000? SOL is the king of the bull market!
Currently, BTC has temporarily fallen below the support of $65,000 and is continuing to test the support of EMA20 near $63,800. We will focus on this position, which is related to whether the market can fall back to $60,000 in the future.
ETH has fallen so much. Sure enough, the market is speculating on expectations. Good news is bad news. Pay attention to the two supports of $3,100 and $2,900. It is expected that the daily line will stop falling at these two positions.
SOL is really fierce. I thought that the launch of Ethereum ETF could squeeze the market of SOL and let some people switch positions from SOL to ETH. As a result, SOL has performed much more fiercely than ETH recently. I almost thought that it was not ETH-ETF but SOL-ETF that was launched this week. However, SOL cannot maintain a long-term independent trend under the overall trend of the market, and the pressure around $180 is also a big pressure point. I hope it can fall back to $160 and $153.
Judging from the current status, SOL will still be strong for a while. I don’t know whether SOL’s ETF will be hyped after the BTC and ETH ETFs are approved. The capital behind SOL cannot be ignored in this round. It is very powerful!
Therefore, for the time being, BTC and SOL must be the first high-quality long-term varieties to be purchased in batches. As for ETH, now that the ETF has been approved, Grayscale’s potential selling + potential buying still need to be observed.
95% of other altcoins are not worth buying. Only the leading meme coin of the BTC/SOL ecosystem is worth ambush, and ETH’s meme coin PEPE.
