BTC: From the daily level, its trend is still in a relatively weak state. The commanding heights reached by the daily rebound show a gradually decreasing trend. On the whole, a small trend short pattern has been formed.
Looking at the 4-hour trend, the overall trend is in the midst of a shock adjustment, but fortunately the closing price of the K-line has remained above 95,000 points. At the small level, pressure at 96,500-97,500 is becoming more pronounced.
In general, as long as the price of Bitcoin does not fall below the 91,000 level, the overall trend can still maintain a bullish view. There is no need to worry too much or panic about a collapse. On the contrary, moderate adjustments will help the subsequent market to rise in a healthy direction.
For intraday operations, we need to focus on the resistance at the 96500 - 97500 range to determine whether a pullback will occur, while also closely monitoring the support level at 94800. If this level is broken again, we can move the support down to the 93000 - 92000 range to observe the rebound.
ETH: The overall performance of Ethereum is significantly stronger, which is very helpful for us to capture the rising trends of strong and popular altcoins.
Yesterday, Ethereum experienced a spike down to the 3500 level, which happens to be the top of a long-term range consolidation from last week. From the perspective of intraday trends, it is overall in a rising channel with oscillation upwards. During the adjustment in the past two days, it retraced to near the MA14 daily moving average, and then strongly recovered the 'ground' lost from yesterday's drop.
From the 4-hour chart, the K-line has shown an upward turning trend. The small selling pressure formed above the 3700 level in the past two days has led to a certain degree of pullback in the current trend.
In terms of intraday operations, we need to focus on the support at the 3620 - 3850 range in anticipation of a rebound, while also paying attention to the resistance at the 3720 - 3760 range above.
Altcoins: A flash crash occurred on the exchange last night, with Bitcoin touching a low of 71814. Most altcoins experienced deep adjustments, but some strong and popular coins have already recovered the losses caused by yesterday's drop. We must firmly adhere to the “Belt and Road” thinking and firmly grasp the popular coins in the hot sectors.
In the inscriptions sector, sats and ordi are performing strongly and showing upward trends, mainly with ordi. When it retraces below 44, we can consider focusing on it again; the popular coin WLD in the AI sector is showing a strong upward trend. It was mentioned on Weibo last night to focus on the 3 - 2.8 range, and it reached a low of 2.9 last night, with the increase now exceeding 10%; the RWA track is rising, and TRU, which has been mentioned before, surged over 20% yesterday, while the popular coin OM in the same sector is expected to see a second wave of upward movement! Specific operational details can be obtained via private message.
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