This wave of Bitcoin's rebound is quite powerful, stretching from a low of around 90,800 all the way to above 9w7, a single-day increase of more than 6,000 US dollars. Although there was a correction during the day today, in my opinion, these are all reasonable operations. Everyone was not panicked when the market fell the day before yesterday, I think. It is said that the negative line is an invitation to the bulls. At the most panicked moment, I said that BTC could hold at 90,000, and it would rebound last night and tonight, and all of it was cashed out.
What do you think now?
There is no dispute whether it is bullish or bullish. BTC has started to fluctuate widely, which will last for about 7 to 12 days. The fluctuation does not support continuous rise, and it is not easy to fall continuously. If it falls sharply, you should be brave to buy more. It will fall back after rising for 2 days/reaching the previous high. The longer the adjustment between 100,000 and 90,000, the more stable it will be if it breaks through 100,000. Bitcoin still lacks a 5-wave rise, and there is still a chance to hit 100,000.
Aggressive order; after the sideways movement for 4-6 hours, the price will likely rise, and you can buy directly at that time; if it is a large-volume breakthrough, it can also be regarded as an effective breakthrough, and you can enter the market after the breakthrough. No matter which method, the stop loss is set to 93710 (1H entity), and the game is 98177/100410.
If there is a pullback, the short-term support is 92163~91505 (watch the market), the second support is 90781~89475, and the medium-term support is 87496~85271 (large fluctuations are optional, which generally will not be reached in the short term)
Let's talk about the Bitcoin ecosystem. All the funds in the Bitcoin ecosystem have come in, and some of them are being allocated as quickly as possible.
New coins include: PIZZA FB DOG
New coins include: MERL SEAL
The core of the last round are: STX CKB ORDI RATS SATS ATOM ETHS
So the ones that are exploding now are new coins and sub-new coins.
FB PIZZA is about to explode. If pizza continues to perform well, there will most likely be some good news later. I guess it will be listed on Binance. This is the high probability of listing on Binance that I analyzed a few months ago. Assuming PIZZA is listed on Binance first, and you don’t hold any positions and you don’t want to chase it, then you can take a look at FB. They are from the same project party, and FB may also be listed on Binance later.
What surprised me most last night was not the pull-up of Bitcoin, but the fact that Ethereum could keep up even in such a market situation. Last night, Ethereum reached a high of $3,684, and the ETH/BTC exchange rate continued to rise, exceeding 0.038. This means that Ethereum's trend is very strong, and the compensatory rally that has lasted for a week is still continuing. In addition, last night, the Ethereum ETF had positive capital inflows for the fourth consecutive day, with an inflow of 90 million, and this is the case with zero inflows at BlackRock.
Two weeks ago, when Bitcoin hit a new high, Ethereum had a period of continuous inflow of 100-200 million USD for several days. At that time, BlackRock was the main incremental investor. Although BlackRock had 0 inflow last night, its trading volume of 480 million USD broke the record. If the trend of Ethereum can be maintained, I expect BlackRock’s clients will make efforts. Currently, the options market has also begun to be bullish on ETH, and believes that the subsequent explosive power will exceed that of Bitcoin.
Considering the subsequent loose policies, Ethereum's pledge ETF is coming. Recently, pledge and re-pledge projects such as $ethfi, $eigen, $rez, and ldo have all skyrocketed. This is equivalent to adding another wave of gravity to off-market funds. I am quite optimistic about Ethereum's subsequent trend. At the same time, Ethereum's bullishness will also promote the arrival of copycat bulls. We can look forward to it together.
