Hello everyone, I'm A Gan. Let's talk about the overall situation of the market today.
#BTC First, let's talk about Bitcoin. Bitcoin is basically fluctuating in the range of 99000-98300 today, with small volatility. The small-level support is at 98200 and 97200, while the small pressure is near the new high of 99700. Many people are asking when Bitcoin will rise and whether it can break 100000. In fact, whether Bitcoin goes above 100000 in the short term is not very important. As long as Bitcoin can consolidate at a high level above 96000 and does not drop below 95000, altcoins will have a greater opportunity for rebound. If it drops below that, we need to pay attention to major adjustments.
#ETH The altcoin situation is even simpler. Today it broke through the previous high resistance above 3450, and the next resistance is around 3570. If it breaks through here, it will quickly reach the next resistance close to 4000. I have been urging everyone to accumulate from 2500 to 3050, and you can see that in previous articles, so I won’t elaborate too much here. If you hold long-term physical assets, just hold them. If your position is very heavy, you can reduce your position by half near 3550, and keep the remaining position as a backup, in case there’s a pullback so you can add more.
Now, let’s talk about some altcoin situations. The meme sector has been less hot lately as funds have shifted. Dogecoin has risen quite a bit today, pulling Shiba Inu up a bit as well. Shiba Inu has not increased much on its own but has benefited from the rise of Dogecoin. Other meme coins are currently not very strong, mostly consolidating at high positions after a surge. However, the meme sector is destined to be the hottest this year, and after the adjustment, it will continue to surge, so it’s worth paying attention to. #DOGE Shiba Inu, Floki, Bome, Wif Pepe, Neiro, these should be looked for opportunities to enter when there’s a pullback.
Today, the main chains have also made a rebound. DOT, DASH, ZEC, #LTC #ETC , and other main chains have surged. Many of these have broken through strong weekly resistance levels. It looks like these coins have increased a lot today, but from a larger perspective, the increase is not substantial. The weekend is still a good time to watch, for example, waiting for a pullback to find a position, then sell near the next resistance to take some profit. This is not for long-term holding, so remember to take profits.
Today, the DEX sector's platform tokens also had a surge. UNI, SHSHUI, and others have not increased for a long time, but today they had a good rise. However, do not chase; wait for a pullback.
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