Looking back at the market, after BTC broke through its new high, there was no pressure above. We expect Bitcoin to be around 83,000 this round. Today, it has directly broken through and is nearing 90,000. The altcoins are still in the process of catching up and have not yet reached their target positions. Currently, the market's funds are crazily draining Bitcoin, and the market is completely immersed in FOMO. Recently, the cryptocurrency WLD that was hidden has increased by 40 points today, while FTM has increased by 20 points. Last week, I mentioned that Worldcoin would surely rise this week! The gains have been impressive, and overall, it’s still acceptable. As BTC approaches the 90,000 position, the accompanying risk will only increase. Currently, the first target position for altcoins is 3,200, which has been reached, while the second target position around 3,500 still has some space! This week, pay close attention to this position, as the market will not keep moving into high points emotionally, because there is currently no funding. For altcoins, this round is just a rotation of a few, so be cautious about risk management and secure profits. Tonight at 9 PM, we will have a live broadcast, and everyone can prepare in advance.
The current high of BTC is approaching the 90,000 position, and it is continuously breaking through. For now, we can ignore it, as there is no pressure ahead. Predicting this is simply guessing; we can only say that the current risk will increase.
Yesterday, I clearly stated that ETH must break through the 3,256 position within four hours to show any performance. Last night, it finally showed fluctuations and effectively broke through, reaching our predicted range of 3,340-3,360. It is only a little more than 100 dollars away from the 3,500 point. During the day, pay close attention to the support level in the 3,250-3,200 range below. The market will only continue to rise towards the 3,500 target if it stands firmly at the 3,340 position for four hours. The resistance levels to watch above during the day are in the 3,380-3,470 range.
