In the short term, the purple area is an obvious support zone for Bitcoin. The price has been supported and rebounded many times in this area, ranging from 58,000 to 62,000. As long as the price can stay above this range, the bull market trend in the past month is expected to continue.
We can see two obvious double bottom patterns, which indicates that buying power is increasing near this support area. The current price is 66453.9, which is significantly higher than the support area
If the trading volume gradually increases when the price rises, it means that the buying power is very strong, which will help the price to rise further. But if the trading volume decreases when the price rises, be careful of the risk of weakening the rising momentum.
The BTC meeting on Saturday is expected to be a big fluctuation
In addition, we need to look at the opening of ETH ETF trading, and use this week's data to judge how much net inflow there is, and then look at the market
So it may be better to avoid aggressive operations on Saturday. There is nothing to expect if the speech is in line with expectations, and it is easy to rush high. If no good news is announced, it may feel a bit ahead of expectations.
1. ETH ETF has good liquidity, ETH breaks through $4,000
2. ETH meme new ATH
3. SOL continues to launch offensive signals in the past few days and rebounds violently
4. SOL meme follows the upward trend crazily
5. BTC rises at Trump's Nashville Bitcoin Conference
The latter may be a good opportunity to sell news
From the perspective of interest rate cut expectations, all subsequent sharp declines are buying opportunities, and spot prices will be flat for 6-9 months. BUY EVERY Dip! ! !
