Today's Market Key Summary:
Bitcoin fluctuates around 100,000, with a V-shaped reversal in 4 hours, and both longs and shorts are being repeatedly liquidated. In the face of market volatility, where should we go from here?
1. Bitcoin: The 4-hour chart shows a dead cross at the 0-axis, with a resistance zone at 102,000-104,000. If it does not break through, we suggest focusing on the strong support level of 95,000, primarily buying on dips. It is expected that Bitcoin will need several working days to consolidate and will not immediately break new highs.
2. Ethereum and leading coin opportunities: BlackRock and Fidelity purchased over 500 million ETH within 48 hours, suggesting a mid-term allocation of 3 times below 3500.
👉🏼 Trump's crypto project WLFI increased its position with 1325 ETH at an average price of 3773.
👉🏼 $SOL is expected to benefit from ETF news, consider a 3 times allocation below 200.
👉🏼 $DOGE whales have recently increased their holdings by 210 million DOGE, worth noting.
3. Bull Market Strategy: Do not hold short positions in a bull market, always focus on buying low. A sharp decline is often an opportunity to enter.
4. Short-term hot spots in altcoins:
👉🏼 $PNUT is about to go live on Coinbase, the 1.07 area is recommended for entry.
👉🏼 ACT may head to Coinbase and has similar potential to PNUT, with stronger rallying power later.
Suggestions: Focus on Ethereum and the leading sector, any adjustments present a good allocation opportunity.