The market is calm before the storm, and the trend looks bullish.
From the 12H to daily view, the price range is not much different from the previous period. The basic structure is still on the bullish side. The main operating mode is to hold coins for appreciation in the mid-term and to take small long positions in the short term.
Looking at the 30-minute and below level trends, there is a local short-term break below support, which may lead to a larger level of support moving upwards. Next, prices may show small-level contraction oscillation. Practical opportunities exist when breaking upwards or when retesting mid-long term support downwards. Reference points are as follows:
Short-term support 102968~102646 (can be used for quick entry and exit during a 30-minute decline), second support 101980~101498 (quick entry and exit), medium-term support 98728~97468 (support pending orders for quick entry and exit, continue to rebound at 3% downwards), short-term resistance 104644~105268 (can enter on volume breakout, medium-long term speculation 109862~111288).
Trading cryptocurrencies is about trading trends; in a bull market, there are more upward trends, and pullbacks are opportunities!
The recent market has washed out many speculative retail investors. The chasing high retail investors have become the fuel for the bull market. As long as you can read the chart, the manipulators can't do anything to you. This chart shares the key trend lines; the support of the trend line is the critical entry point in an upward trend.
Summarizing a few tips to avoid missing out:
1. The formation of an upward trend is not easily broken. Each time it retraces to the trend line is an opportunity to get on board, so be bold.
2. The momentum during the upward process is persistent. Staying away from the trend line indicates greater risk, and profits become smaller above. Don't chase the market based on feelings; your inclination to think it will rise is often an illusion created by the manipulators. Chasing highs will lead to losses.
3. Go with the trend; trading cryptocurrencies is about trading trends. The trend looks bullish, and the entry point is also very important. If you buy Bitcoin at 60,000 compared to 100,000, the risks are very different. Therefore, grasping each pullback to the key trend line is the timing to enter.
4. As long as you don't chase highs, retail investors can become savvy traders. We are still in a very good intermediate stage of the bull market, not yet at the explosive stage. At this time, manage your positions well and allocate your account funds properly. For the next six months, letting your account conservatively triple to five times is not a problem.
Currently, most altcoins do not have their own trends; they are basically following Bitcoin's movements, whether it breaks through or retraces. Ethereum is also watching whether Bitcoin can continue to rise. These coins should be waited on; funds will not come in to pump until Bitcoin confirms standing at a new high. Otherwise, any rises will be in vain, as Bitcoin can easily retrace and drop again.
So now we can only wait for the market confirmation before we enter. We might miss a little profit at the beginning, but we have already made a profit by escaping at the peak. As long as there's not a spike of thirty points in one line, we still have an advantage when we enter. If you ask when to enter; I can only say it depends on the situation. I will notify everyone in the group whenever we enter, and I can only inform everyone after we have entered.
1.PNUT：
Squirrel's car is relatively heavy, which means the adjustment time may be longer, and the number of adjustments will be more. This requires everyone's patience. I believe Squirrel can still stick to the strategy of low absorption and holding.
2.JTO：
JTO provided a low absorption opportunity around 3.5. Those who missed it can continue to wait in the 3.3-3.5 range; being able to buy within this range is a profit.
3.RSR：
We have indicated that RSR will have a second retest. Currently, it is in the process of a second retest, and you can gradually build positions during this process.
4.DOGE：
DOGE has also provided several low absorption opportunities around 0.3. Currently, it is in a high-level oscillation phase. As long as it doesn't break 0.33, there won't be significant adjustments. Be patient and wait for the second rise to come. The next wave of increases will aim to challenge historical highs. The biggest narrative of this bull market must be Dogecoin, which may break 1 USD and even rise to 3-5 USD. I suggest accumulating Dogecoin during pullbacks!
