Hello everyone
I am Yudong
Let's take a look at the market trends of the day:
I. Market Fundamentals
After a significant drop, it is still consolidating and needs some time.
In the past 24 hours, significant news has emerged from the bitcoin market! The world's largest spot bitcoin ETF—iShares Bitcoin Trust, has seen its assets under management soar to $53 billion, which is a direct proof of institutional confidence in bitcoin! Furthermore, some heavyweight hedge funds (such as Millennium Management, Tudor Investment) have recently increased their positions in bitcoin-related assets, and market sentiment is clearly warming up.
However, on the other hand, the US SEC has launched investigations into several crypto companies, and the regulatory clouds do not seem to have completely dissipated, which still brings a bit of uncertainty to the market.
In the past 24 hours, the number of bitcoins flowing into exchanges reached 12,000; short-term selling pressure still exists. The NASDAQ in the US is slightly down, which has little impact.
II. Mainstream Coin Analysis: BTC, ETH, SOL
1. BTC
Current price is $97,899, daily increase of 0.41%. Strong support around $94,000, resistance level at $98,500. MACD shows increasing upward momentum, but trading volume hasn't significantly expanded. In the short term, it may continue to fluctuate between $95,000 and $98,000.
If it falls back to $95,000, you can accumulate positions in batches, targeting $100,000, with a stop-loss set below $92,000. Short-term traders can pay attention to breakout opportunities at $98,500.
2. ETH
Current price is $3,689, daily decrease of 1.63%. Support level: $3,500, resistance level: $3,770. RSI indicates a weak short-term trend, and it may further test the $3,500 support.
Long-term investors can buy on dips near $3,500, targeting above $3,800. Short-term operations need to pay attention to market volume changes, and it is recommended to set a stop-loss at $3,400.
3. SOL
Current price is $221.07, daily increase of 1.60%.
After breaking through the key resistance of $220, it is expected to rise further to $230, but caution is needed for short-term pullback risks. Accumulating positions in batches near $210 can be considered, with a short-term target of $235 and a stop-loss set at $200.
III. Yudong's Suggestions
BTC, ETH, and other major coins remain the focus, with strict stop-loss measures for batch accumulation. SOL has performed well in the short term, but it is advisable to pay attention to pullback opportunities to avoid chasing highs.
In addition, Doge is re-challenging $0.4, suitable for small capital speculation, requiring quick profit-taking and stop-loss; however, in the long run, the current price below $0.4 is a relatively good mid-to-long-term accumulation position.
The market will seek direction amidst repeated fluctuations; now is a good time to cultivate a 'steady mindset.' No matter how the market fluctuates, remember that the storm tests a person's investment wisdom the most.