In the past two days, Bitcoin has continuously broken new highs, and Ethereum has also continued to rise. The overall crypto market has been steadily rising. Ethereum and Ripple have been relatively strong, while other mainstream and large altcoins have generally been sucked away.
BTC is expected to continue to consolidate around 105,000. The trend of breaking new highs is very stable, but unfortunately there is no volume. If there is no large volume to pull it up, it is just sucking blood to pull the market up. Be alert to the possibility of a retracement.
Slight increase and sideways trading are actually similar, both are testing the market. When Bitcoin stabilizes and moves sideways, funds will flow to other mainstream and large altcoins. However, Bitcoin did not increase in volume during the process of rising. At present, the trend may continue to rise, and it is not ruled out that it can reach 110,000 in the short term.
ETH is expected to continue to consolidate and rise around 4,000. If it continues to invest, it will definitely make money. Institutions continue to increase their holdings in the short term, and there is a target of 4,800 above. As the saying goes, the goal is clear, the actual actions of institutions are optimistic, and it is the second place for a thousand years. It is still worth looking forward to. If you think that chasing Bitcoin is too high, you can actually consider this product.
There is no top in the bull market, and there is no short selling when you are bearish. At this time, the upper points are based on large integer points as the barrier, and they are tested and broken through one by one. This breakthrough will bring about a retracement and consolidation, so don't rush to cover your position during the retracement, and don't chase the rise. After all, it is always comfortable to have someone standing guard at the top of the mountain.
