From the daily trend of Bitcoin, after the K-line broke through MA60, it rose and fell last night, indicating that the bulls were exhausted and needed to accumulate momentum before rising again.
As its MACD completely returns to the zero axis, a new wave of impact is about to begin. It is expected to challenge the 70,000 mark next week. In the short term, pay attention to the 64,000 support level for corrections. If it gets close to it, you can add to your spot positions in batches.
The lows of Bitcoin are the lows of altcoins. Look for money-making opportunities in the trend.
Long-term trend: in months, for example, 27,000 to 48,700, 39,000 to 73,700 before.
Short-term trend: measured in days, for example, 56,500 to 65,500, 60,200 to 66,666.
Bitcoin didn’t fall back much yesterday, but because of the continued decline in Ethereum’s exchange rate, some altcoins were still brought down. STRK hit a new historical low of around 1.07, LDO also continued to fall, and the lowest was around 1.5, ENA also hit a new low again, around 0.65, etc. However, it can be noted that some public chain projects such as SOL, FTM, ADA, AVAX, LINK, IMX, CFX, MATIC, ETC, CHZ, DOT and other old public chains or mainstream performances are still relatively strong!
I don’t know if this kind of trend is familiar to you. At the beginning of this year, there was also a wave of mainstream compensatory rally. Perhaps the current main force has already begun to quietly lay out!
Because Bitcoin is currently at a relatively high level, I personally think it is difficult to have a big increase in the short term. Therefore, in the short term, it should be mainly a wide range of fluctuations, that is to say, even if it breaks through the historical high, it will not go too high! On the contrary, there are signs of capital overflow and it is shifting to the mainstream sector. For the projects I listed above, you can make your own layout according to your understanding. I especially recommend MATIC, ETC, IMX, LINK, and SOL.
The second is the old-fashioned AI sector. This sector can be used as the focus of continuous fixed investment, and it can be invested until the big bull market comes. That is, when you see that the previous trend of many varieties is just a straight line at that time, it means that the bull market has arrived and the rise is about to end. At that time, you can sell the chips in your hands! Focus on layout, LPT, ARKM, RNDR!
When the overall environment is not good, there are unlocked projects that have a relatively large impact on the short-term trend. For example, STRK and ARB, which have been weak, are followed by the falling AEVO. For these event-driven declines, it is better not to fight against the trend, but to follow the trend and make arrangements one after another!
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