After Bitcoin rises to $69,500, it faces a pullback, which is expected due to the market showing signs of a top divergence. A retracement is needed to alleviate this technical indicator's divergence. According to my analysis, the pullback will not be too significant, with a maximum expected touch at the $67,000 price level. As for the $70,000 mark, it should be tested within this week, but the key lies in whether there will be a false breakout after the test.
Additionally, not only Bitcoin, but several other cryptocurrencies starting with the letter 'E' have begun to become active, such as some established decentralized finance (DeFi) projects and coins related to the on-chain ecosystem. Despite this, the exchange rates of these coins have not seen a significant rebound. It is particularly worth mentioning that Solana (SOL) has recently performed strongly, with prices unexpectedly reaching $170, resulting in a return of up to 50% for investors who bought in at $110. In the current investment environment, holding for three months can yield a 50% return, surpassing 95% of investors.
Moreover, SOL is now offered for staking on most exchanges, and the staked tokens can be sold at any time. For investors considering long-term investment, this is undoubtedly a noteworthy option, as the power of compound interest is immense. Who wouldn't want their investments to keep rolling and growing?