FLOKI broke through the previous high last week and then reversed, which was not in line with expectations. It stopped falling and fell back to the support area. It has now reached the support area of 25000-26400. Due to the continuous adjustment of BTC, it has brought uncertainty to the subsequent trend. It is observed whether it can get support at 25000-26400. It will still fluctuate and adjust in the short term, and it is bullish in the medium and long term!
PEPE continued to adjust last week, and the volume was wretched. As the leader of the sector, it did not continue to set new highs, but took a deep correction, so the rise in this band came to an end. It will continue to fluctuate in the future, and it will take some time to digest the profit-taking in the early stage of the adjustment and regain the momentum of the rise. From a technical perspective, it has now reached the upper edge of the support area of 1000-1150. Wait for BTC to stop falling and a small cycle bottom pattern to open longs!
Solana rebounded first and then fluctuated downward, and now retreated to the 155-160 support range. Observe whether it can stop falling and stabilize in this area. If it does not hold up, the next support area is around 141. It will still adjust in the short term, and continue to be bullish in the medium and long term!
ETH fluctuated in a narrow range last week, with no bright spots and no new news on ETF approval. It has now fallen below the support area. The upper pressure level is the previous high area of 4000-4150, and the lower support is far away and has a certain space, between 3200-3280. In the short term, it will continue to fluctuate and fall, and it is bullish in the medium and long term!
BTC has been fluctuating between 67200-75000 last week. There is no trend in the short cycle and the trend is very chaotic, indicating that there are large differences between the long and short sides and the game is strong. This is also a game of the probability of interest rate cuts due to the uncertainty of the world situation and the continued strength of US economic data. For this kind of market, what we can do is to wait patiently and reduce the number of times. Technically, the upper pressure level is in the range of 70500-71500, and the lower support area is in the range of 67200-67500. In the short term, it may be adjusted to the area of 67200-67500. Bullish in the medium and long term, keep the view unchanged.