Today's market analysis:
BTC：
Judging from the performance of the weekly MA30, the market still has an upward trend, but we need to pay attention to the internal cycle problem. The daily line has risen for 6 consecutive days. This morning, we also observed many altcoins, which are basically close to the mid-line pressure level. According to experience, there is a high probability of a local high point in the next 2~3 days. Therefore, in this period of time, we should mainly operate low-level long orders after the callback, and do not chase high.
Reference for entry and exit points: pattern suppression area 66686~67335, medium and short-term support range 63270~62884.
ETH：
Yesterday, the market saw a downward spike and closed with a negative line, indicating that it has entered the adjustment phase. Compared with the overall market, Ethereum is relatively weak. This is mainly because the spot Ethereum ETF is about to be launched, attracting many optimistic retail investors to establish a large number of positions in the 3530-3630 range. Pay attention to the breakthrough of 3520 during the day, and continue to be bullish during the day. Those who reduced their positions yesterday can reconsider adding positions. Under the premise of positive expectations, technical indicators have become invalid, and the macro environment and fundamentals are the main direction.
In terms of altcoins: the altcoins recommended by Xiao Miao have all seen strong gains today, and my wallet is full today!
#zro : It finally rose, breaking through 4.5 today, and the short-term target of 5.5 will be just around the corner. Those who have not participated before should not chase the rise;
MKR: 7 consecutive days of small positive lines, the current price is 3054, the mainstream currency in the RWA track, everyone can pay attention to it;
AR: With this wave of gains of 40%, those who have followed along can consider reducing their holdings;
#XRP : Very strong, almost reaching Xiao Miao’s first point of 0.65. Whether it can be bigger depends on the SEC closed-door meeting on Thursday.
The above personal opinions do not constitute investment advice!
According to common sense, there should be a small correction in the next few days, but there is support near $62,500. Friends who missed the opportunity can boldly enter the market near $61,000 if the dealer gives them an opportunity. After all, this time the Bitcoin train is likely to break through the previous high. This wave of altcoins is basically high with 30-40 points, and you can also consider reducing your holdings. Buy low and sell high is the king!!!
History will not repeat itself completely, but it is always surprisingly similar. The market is usually a cycle after another. If you miss this round, wait patiently for the next opportunity. Don't think that you can never get on the train again because you missed this time. This mentality can easily lead to chasing highs and being trapped, which will affect your mentality.
The following potential coins can be considered for attention in the next pullback, and they are expected to usher in an explosion!
IO(io.net)
io.net (IO) recently launched a groundbreaking decentralized GPU network that brings significant advancements to computing power distribution. This innovation has made io.net a leader in providing scalable and efficient GPU solutions, attracting widespread attention and demonstrating its potential to disrupt traditional models.
io.net's price reflects its technological achievements and market acceptance. With a market cap of less than $75 million, io.net is positioned as an altcoin with huge growth potential. Its token value is driven by innovative products and growing demand for decentralized computing solutions. Traders are increasingly bullish on io.net, recognizing its potential to redefine the computing resources market.
io.net has a very bright future, thanks to its revolutionary approach to GPU networking. As the demand for decentralized and efficient computing solutions grows, the project has tremendous opportunities to grow. However, io.net also faces challenges such as market adoption and competition from established players in the tech industry. If it can leverage its technological advantages and grow its user base, io.net will benefit greatly from the growing demand for decentralized computing resources.
#ONDO (mentioned many times, hope you will wake up!)
Ondo (ONDO) is currently trading between $0.88 and $1.10, showing signs of strength, especially after the recent price drop. The coin is up more than 14% this week, although the one-month change is still negative. ONDO has surged by more than 3,300% in the past six months. The RSI is around 57, indicating that the market is neither overbought nor oversold, and the coin is close to its 10-day moving average. If this bullish momentum continues, ONDO is likely to break through the $1.19 resistance level soon. A further climb to the next resistance level at $1.41 is more likely, which would be an increase of about 30% from the current price range.
Cosmos (#ATOM被低估了，可以上车 )
Cosmos (ATOM) is currently trading in the $5.79 to $6.47 range and showing potential signs of growth. The bulls are currently focusing on the resistance at $6.71 and are looking to climb further to the second resistance at $7.38. Such a move would mean an upside of more than 20% from the current range. Despite a 10.98% decline over the past month, the recent weekly gain of 9.23% shows a pick-up in market interest. Cosmos’ Relative Strength Index (RSI) is 46.85 and the MACD level is 0.02, which remains stable. If the buying momentum persists, the bulls may get a chance to push the price higher.
NEAR Protocol (NEAR) has shown positive signs amid the recent market turmoil. Currently, NEAR is trading between $4.56 and $6, close to the critical resistance level of $7. Over the past week, the price change is close to 27%, while it has risen by about 72% in the past six months, showing clear bullish momentum. In terms of technical indicators, the 10-day moving average is $5.59 and the RSI is close to 62, indicating that there is enough enthusiasm among the bulls. If this trend continues, NEAR may rise to the second resistance level of $7.66, which may rise by more than 30% from the current upper limit.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
