The week has come to an end, and we have a double holiday on Bitcoin, Ethereum, and counterfeit analysis!
An exciting week has quietly come to an end. First, the Federal Reserve cut interest rates to disrupt the market, and later, Ethereum ETFs brought kinetic energy impact. It can be said that one link after another. When the market is strong, it is also accompanied by a double-edged sword. Some people are smiling from ear to ear, while others are always accompanied by a bitter face. No matter what, you should relax yourself and relax at this stage. Get ready for next week!
During the weekend, there is no influence from external factors, the liquidity is average, and the fluctuations will not be too big. Overall, we will treat it as a shock. At the four-hour level, short positions gradually shrink and the bottom continues to rise, and the market stops falling and rebounds. First, pay attention to the suppression of the MA5 moving average on the daily chart. Under the rhythm of a weak rebound, it is expected to be an interval consolidation stage, and the market will fluctuate within a certain range. After an effective correction last night, the price of the pie has rebounded to the 69,000 area. After the surge, the intraday market trend has not fluctuated much. In the long term, it may still fall into a volatile pattern.
At present, we need to wait patiently for a K-line pattern with oscillating characteristics to appear, such as positive K or lower shadow K, etc., to further observe the market momentum and whether the price can stabilize above 69500. If it stabilizes, it will continue to rise next week. On the contrary, it will be adjusted to the 66000-65000 range. The short-term thinking is still to buy at low prices, and you can see the highs!
The altcoin environment has recently begun to decline while the total market value remains unchanged. Comparing the charts of 21 years, it is obvious that altcoins are close to the market rhythm, and even much stronger than the average. At that time, there were legendary stories every day, and the altcoin season made everyone full. Boman, for low-cost traders, has a stronger ability to obtain large amounts of capital.
But now that the market level is rising and the proportion of altcoins has dropped significantly, it shows that funds will only focus on mainstream currencies, and the flow of funds is more concentrated.
In other words, everyone can play wild ball and even win MVP, but now they can only play NBA. Surrounded by all professional players, the difficulty has increased sharply!
Recently, many friends have also been playing with small coins, and I will also include them in the future!
VGX will have a hearing on June 13th. In the past, there will be a wave of publicity at every hearing. If you are interested, you can ambush Ogura!
Just say this, I am Ultraman, I speak for myself!May there be no difficult deals in the world!
