Today is a bit weird. Bitcoin and Bitcoin have not moved much, while the altcoins are falling sharply. Moreover, all signs indicate that Bitcoin rebound sentiment is hot! This may be a good time to buy the altcoins at the bottom. After the news of ETH ETF was released, the price of BTC hit a strong liquidity area of about $71,500, which is another trap set by market makers. Despite this, bulls have still managed to keep the price above the support level of $67,241, showing a strong bullish trend. The overall market environment looks very solid, which may support further price increases and even a new all-time high (ATH).
Now that the monthly close is approaching, volatility may increase slightly, but the impact on Bitcoin (BTC) prices should be limited. As traders are uncertain about the upcoming trend, trading volume remains below the expected level. Therefore, the bullish close of this month may trigger a strong rebound until the semi-annual close.
Four key points for short-term bottom-fishing at present:
1. Don't use up all the funds in your hand at once, buy in batches. Don't buy many currencies, at most three, and concentrate your ammunition on strong currencies.
2. When the upward trend of BTC has not yet formed, the purchased currencies should be operated as much as possible by T+0 or high-selling and low-buying to reduce the holding cost.
3. The longer the lower shadow line is, the better, and the larger the real body of the positive line is, the better, indicating that the bulls have stronger resistance, low-level buying is active, and the ability to take over from below is relatively strong, which is expected to stop falling and start rising
4. The three moving averages of 5, 10, and 20 days in 15 minutes form a bond, and they are all in an upward divergent state, indicating that the direction is to choose upward, choose to buy, and stop loss when the moving average goes down.
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