How to seize the rebound opportunities of altcoins? After the consolidation and repair phase, a new wave of the bull market is about to arrive!
Currently, Bitcoin's trend is still in a consolidation and repair phase, and the weekly chart has not yet shown strong upward signals, so it is expected that the consolidation market will continue for a while.
However, the monthly chart shows signs of upward movement, suggesting that a new breakthrough may come after the repair. From an overall trend perspective, Bitcoin's short-term consolidation is nearing its end, and it is expected to soon enter the next wave of upward movement.
Ethereum's current trend is relatively weak, mainly influenced by Bitcoin, performing slightly worse than BTC. There have been no significant upward signals on the daily and weekly charts, so it is expected that this week will still maintain a consolidation market.
Mainstream coin analysis:
BNB: BNB is currently in a consolidation phase, and its overall trend mainly correlates with the market as a whole, making significant fluctuations unlikely in the short term.
XRP: The price of Ripple remains relatively high, and the consolidation market may continue for some time. It is recommended to hold patiently and wait for rebound opportunities.
SOL: The price of SOL has recently retreated, and it may continue to consolidate in the short term. Keep holding and wait for a rebound.
DOGE: Dogecoin's trend is relatively weak, and it is expected that the consolidation market will last for a longer period.
BCH: BCH's pullback is nearing the bottom, and historically, BCH has performed well in bull markets, so this bull market is expected to break historical highs.
AR: AR has experienced a significant pullback, but considering its potential, spot holders can hold steady and wait for a big rebound opportunity.
UNI: From the monthly chart, UNI's consolidation is nearing its end, and a rebound may follow.
