#BTC The market surged to 73666 yesterday, about 300 points away from breaking the historical high, and began to fall back. The lowest spike in the early morning hit around 71800 and began to rebound. The highest rebounded to around 73000 and continued to fall back and consolidate. At present, the small level of the big cake is fluctuating in the high range of 73000-72000. I personally feel that it is not so easy for the big cake to continue to sprint to a new high here.
The short-term operation strategy is to ambush short orders at high levels. The entry position can be 73100 to open a short position. If it continues to rise and breaks through the new high of 73700, stop loss, and take profit can be placed in the range of 71000-71500. The profit and loss ratio of this order is relatively sufficient, with a loss of 600 points and a take profit of 1500 points. The contract strictly stops profit and does not allow carrying orders.
#ETH Ethereum surged to a high of 2681 yesterday and began to pull back, reaching a low near 2600, and has started to rebound. Today, Ethereum is slightly stronger than the past two days; in the last two days, Bitcoin rose while Ethereum hardly moved. Therefore, during the voice live-stream last night, I mentioned that the probability of Ethereum catching up is relatively high. I also encouraged everyone to buy Ethereum when Bitcoin pulls back. I'm not sure how many people followed through. Currently, Ethereum's intraday support is at 2600, resistance is at 2780, and strong resistance is at 2820. If Ethereum is to catch up, it must break through 2820 completely to surge. For Ethereum spot, you can buy a piece at 2630 during the pullback, and buy another piece at 2550. If it breaks down without catching up, then it can't recover anymore.
Let's talk about the overall market trend. This wave of Bitcoin surged near a new high, which also brought some altcoins up, but not many. The strong ones rose by 20-30 points, while many hardly moved. Currently, Bitcoin's high point has not officially pulled back to wash out the market, and the probability of continuing to break new highs is not high.
I think it will at least pull back to around 69000-70000 before making another upward surge. This period might be quite long, not just 1-2 days, but possibly high-level fluctuations for over 3 weeks. If Bitcoin fluctuates at a high level for that long, in order to see a significant market movement next, Ethereum must catch up to around 2800. Also, altcoins need to show signs of rotation and rallying, only then can the market come alive. Therefore, keep a close eye on the altcoin trends. Currently, the opportunities to make money are not with Bitcoin; it's about finding altcoins to lay low on. For those without spot positions, remember to find a good entry point when Bitcoin pulls back.
Recommended cryptocurrencies for spot trading, #FOLKI you can buy at 0.000139, and add another piece when it drops to around 0.00013.
#ORDI You can place an order around 33 to buy.
#NEIRO You can buy the first piece at 0.00153, then buy another piece when it pulls back to around 0.0014. Buy and hold for the rise.
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