Today's Morning Analysis;
1: Yesterday, Bitcoin dropped to a low of 95700 and quickly rebounded to 98000, with a fluctuation of 2500 USD. Currently, the strong support range for Bitcoin is still at 95800, with resistance at 98500. It will continue to oscillate in the range of 96000—98000. Tonight, the U.S. stock market opening will have a direct impact on the trend for the rest of the week.
2: Speaking of Ethereum, we discussed during last night's live stream that Ethereum could be bought in the range of 3260—3280 as Bitcoin leads the decline. Especially for short-term trading, Ethereum has not been able to strengthen this round, and failing to break through 3500 is indeed a bit disappointing. Therefore, as long as Bitcoin does not break the 95000 level, the corresponding point for Ethereum is 3250. Each time there is a drop, it is a short-term trading opportunity. The best chance.
3: SOL has been looking for opportunities to break through at high levels recently but has not succeeded. The oscillation range has been raised from last week's 230—245 to now 240—260. Short-term trades can be made around 240. I believe there is hope for a strong breakthrough this week. If Bitcoin does not break 100000 and continues to oscillate, there will be a good opportunity. If Bitcoin breaks 100000 this week, it could also lead to new highs. Therefore, a pullback near 240 is a relatively good entry point now.
4: DOGE has reached a new high again in the past two days, hitting 0.48, with a low of 0.4 last night. Currently, it seems that the 0.4 integer level has stabilized as a limit. Those who bought earlier can consider this. If it dips below 0.38, it may be a good opportunity to add more. In this round of market, DOGE has performed strongly, and the current consolidation period is over. There is potential for a future increase of about 1—2 times, with expectations to challenge the previous high of 0.7—1 USD.
5: The next article will discuss the value coins of major sectors in the altcoin market.