Katie Stockton, founder and technical analyst of Fairlead Strategies, pointed out in a research report this week that after Bitcoin first broke above the $100,000 mark, it did not stabilize at this level before a pullback occurred, so it cannot be said that Bitcoin has confirmed a breakthrough of this historic threshold.
First of all, so everyone won't be trying to time the top and bottom anymore, right?!!!
The market is really strong, directly reversing in 4 hours; Bitcoin is currently harvesting around the $100,000 mark, repeatedly exploding long and short contracts! Regarding Bitcoin, it has been emphasized that the $100,000 round number is definitely a position where the main funds will take action. Indeed, after FOMO surged past $100,000, Bitcoin welcomed its first real adjustment in this upward trend; from a trend perspective, the daily MA30 moving average tested support effectively, and the upward trend has not been broken, with no false breakouts. The slope is decreasing, and the next few days will be a potential time for choosing direction.
From a smaller timeframe perspective, the rise since 94256 has not seen strong momentum. Breaking above 101888 will form a small-level push from the bottom line, but currently, the energy does not seem strong.
I personally lean towards the adjustment not being over; the trend seems to be inclined towards expanding the adjustment from a smaller level to continue pulling, breaking below the daily MA30 moving average. If it can once again pull back to make a higher low, I believe the entire wave of adjustment will be nearly complete.
Altcoin aspects
This wave of major altcoins has chosen SOL. The recent analysis from Wen and the internal team indicates that the choice seems to be quite correct.
In terms of operations:
1. In either of these two pinning sessions, any low-priced coin received is considered worth taking. The coins I personally bottom out (switch positions) are worth taking.
2. The view that the altcoin season is about to arrive remains unchanged. The first phase is sector rotation, and the second phase will select strong sectors (leading sectors).
3. Every decline in a bull market is like giving away money; every decline in a bull market is also a good opportunity to assess the altcoin market and switch positions. It has always been said that one should not short in a bull market; the focus should be on buying low. The Supreme Strategy has been all about going long for the past two months, never shorting, just warning about reducing position risks.
Of course, standing on the shoulders of giants allows for a further view; following the big brother means there's always soup to drink!
Finally, let's talk about: The reasons for being optimistic about PEPE and DOGE:
As leaders in the coin market, they drive related projects. PEPE has been active recently and is in an adjustment and accumulation period; it is recommended to build positions in batches to control risks.
DOGE is the 'big brother' of meme coins, with a stable fundamental, high capital interest, and it could become a leader when the meme sector reignites, making it a stable holding.
Overall, neither is absent from the market, and with the market warming up, profits are considerable; it is advisable to hold patiently for the long term.
$BTC $SHIB
