Market Review:
Yesterday, the highest for BTC was 105250, the lowest was 101237, with a fluctuation of 4013 points. For ETH, the highest was 3974 and the lowest was 3831, with a fluctuation of 143 points. Yesterday was Sunday.
Last week's overall closing was relatively good, with BTC's weekly close being a bullish candlestick. Today it reached a new high again. ETH's weekly close was a small bearish candlestick, and today it reappeared above 4000. The strength of the altcoin market's rise is not very strong, and market activity is decreasing. The overall closing for altcoins last week was acceptable, not very poor; however, in terms of stage trends, they do not seem very strong, making altcoins appear relatively weak. ETH's pullback today has not directly guided the strengthening of altcoins. It seems as if altcoins are in a wait-and-see mode, as they have not yet recovered from last week's decline. ETH is currently undergoing a corrective rally to a new high; at this stage, we are watching when altcoins will once again gain volume and catch up with ETH's trend.
Today's Monday Highlights:
BTC
There is no need to pay too much attention to BTC market trends; the main focus should be on whether ETH can break its yearly high this week, which could drive the trends of altcoins. From the current trend of BTC, the four-hour level shows a spike, and at the daily level, we need to pay attention to the support level in the 97000-100000 range.
ETH
In the four-hour level for ETH, the upward movement is following BTC's trend and is also synchronized upward. The four-hour level has not yet closed, and based on the support level at the four-hour level, the defense position is still in the 3760-3800 range. The effective support level at the daily level is in the 3600-3700 range, which is currently quite difficult to reach during the day. Moving forward, we will see if ETH can strongly break through this year's new high, which would directly drive the overall market trends and market activity, leading to a collective rise in altcoins.
Altcoin
Currently, the altcoins we are focusing on are: ACT, NEIRO, SYN, WLD, OP, FET, PEOPLE, CRV, ACE. Yesterday, I also entered around 1.16 with 10,000 USD in ENA. Considering it looks a bit high, I won't purposely recommend it to everyone. If ACT breaks 0.5, T will consider increasing the position—this is my personal opinion and does not constitute investment advice!
Lastly, there are many things that haven't been written down, such as specific opportunities and decisions; these cannot be summarized in a single article.