#晚间思路
The bullish sentiment has mostly materialized, Bitcoin surged to 76,850, and the total futures contract holdings across the network have reached a new high, totaling 85 billion USD. Today is also the last trading day of the week for US stocks, so it's unlikely that Bitcoin will have significant upward momentum this week. It will likely consolidate here for a bit, and any further upward movement will have to wait until next week!
This is the market situation that I, Old Li, most want to avoid participating in. The mainstream cryptocurrencies are showing small fluctuations, while altcoins require time to research their backgrounds and effort to analyze market capitalization and circulation. In fact, trading altcoins can be quite exhausting. With Bitcoin and Ethereum, it’s easier to manage the short-term trades using technical analysis.
Tonight, unless there are any significant news updates, the market should remain volatile. The hourly trend is still at a disadvantage, even though Bitcoin is currently hovering around 76,000. This isn’t me being bearish; it’s just that the chances of Bitcoin reaching a new high tonight are slim, while Ethereum does have a bit of space to move.
In the past couple of days, NEIRO is worth mentioning. The little dog NEIRO has been the leading focus of this round of exchange MEME, resembling PEPE from earlier this year. I think it can be regarded similarly to PEPE, which saw a tenfold increase during its main upward wave. The second wave almost doubled again, with a market cap of over 5 billion. The current little dog has a market cap of 900 million; isn’t it reasonable to expect it to double again? The hot topic of this year's bull market is still MEME, so if there’s a pullback, it’s worth trying to enter.
SOL is also quite strong, its trend is quite similar to Ethereum but slightly weaker. However, this does not affect the meme projects under its ecosystem from taking off.
Operational thought: The US stock market opens at ten o'clock, and it’s currently rising in pre-market trading. It is expected to open high tonight. There is a high probability that the market will dip lower, so this morning I believe Ethereum’s initial intention remains unchanged. For stability, one can place orders around 2,940, with the peak this morning as the target. If it breaks through, it will likely soar again.
If you want to seize this round of the bull market, learning and trading on the spot will definitely be too late. It’s best to have someone guide you for a quick entry.
I am Old Li, and I welcome communication!
