Good afternoon, brothers! Bitcoin dropped from 99,000 to around 92,600 overnight. Many people panicked and believed that a pullback was coming. However, this was an obvious wash-out rhythm. At this time, the test was who was more determined.
Overall, the speed of pulling up after each big pullback is amazingly fast. There is no permanent rise or fall. After all, it has risen by tens of thousands of yuan, and the pullback is reasonable. Xiaohui still tells you firmly: the bull is still there, and the opportunity is there.
Operation suggestion: Bitcoin retreats to around 92,800-93,500, with the first target at 95,000.
In recent days, Ethereum has been stronger than BTC.
Ethereum's trend is very strong, quickly rebounding following Bitcoin's spikes. The bull market often experiences sharp drops, but rebounds quickly after the drop. In the short term, prioritize allocating Ethereum-related coins, with strong support below at 3365, 3334, and defending 3300.
From the 4-hour level, after the candlestick accurately retests MA30, a bottoming rebound occurs. During the rebound process, the trading volume has increased, indicating recent capital inflow, and there is support from the MA30 moving average below. Therefore, the pullback space is limited, and after the adjustment, it will continue to challenge the previous high pressure level of $3550. Recently, Ethereum's retest near the previous low of $3350 can be used to add to the spot position; cherish the intraday pullback.
The meme coin market has suffered a heavy blow, and rational choices are still needed!
In the last few hours, Bitcoin's pullback has put greater selling pressure on the meme coin market. Many whales and short-term holders have started to sell their tokens, causing the prices of popular meme coins like Pepe and Shiba Inu to drop sharply. Just now, CZ posted: "I do not oppose memes, but the meme market has become 'a bit' strange now."
Let's build real applications using blockchain.
It's very difficult to end this craze, but we can continue to advocate for better quality meme coins and communities with very high meme coins, otherwise 98% of meme coins are garbage, but it is happening.
The bull market is not about accuracy, but ambiguity; it is not about operation, but choice. Why do most people lose money in a bull market? Because the sentiment in a bull market is FOMO, it is chaotic and dazzling; there are daily myths of getting rich. In such a restless environment, it is difficult for most people to maintain their original intentions. In a bull market, we need to do subtraction and let go! Will coins like FIL, EOS, ARB have a main rising wave? Maybe! But my choice is to take a wave and run.
Put most of your energy into catching the main line, and a small part of your energy into taking the side line. Even if we are wrong, we will not miss the overall BETA gains of the bull market, but if we are right, we will get the passage script.
Buy the dip on these 3 altcoins with 100x potential!
1. STX
Market Cap: $3.250 billion
24-hour Trading Volume: $448 million
STX recently briefly broke through the resistance level of four months, and although there has been a pullback, it remains above the 200-day moving average, indicating that its long-term upward trend remains unchanged. If Bitcoin continues to maintain its upward trend, STX's target price may reach $4, and interest in STX in the market is also increasing.
2. RIO
Market Cap: $50.897 million
24-hour Trading Volume: $9.5065 million
American capital has already started to layout the RWA sector. Pay attention to RIO, foreigners are optimistic about this, and the recent pump also happened late at night.
3. Polkadot (DOT)
Market Cap: $11.808 billion
24-hour Trading Volume: $1.243 billion
In the daily chart, Polkadot's price trend shows that the descending wedge breakout value is strengthening. As the parabolic trend rises, the altcoin has increased from the psychological level of $4 to the current price level of $8.19.
Based on price trends and Fibonacci levels, the upward target prices are $13.63 and $16.26. Therefore, with a potential 2x rebound, Polkadot's price will continue the bull market.
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