Currently, there is not much doubt about the pattern of Bitcoin, and the possibility of continuing to rise is quite large.
Nevertheless, it is also necessary to pay attention to whether the price will encounter significant resistance around 100,000 USD.
If the breakout fails, it may form a double bottom structure, further pushing up the price.
Capital flow: Focus shifts to Ethereum
Ethereum has successfully broken through the previous diagonal trend line, and the breakout is not a false breakout, but may form a double bottom structure.
If it continues to rise and breaks through the densely packed area at the price range of 0.04, Ethereum is expected to aim for 5,000 USD within this year.
Currently, the trend of ETH is very clear. After breaking through the previous high, the support level below the price is relatively solid, which means ETH may continue to break upwards and challenge higher price ranges.
Particular attention should be paid to ETH trading pairs and its performance in the market, especially whether it can break through the key 0.04 mark in the next few months.
Ethereum and DeFi: Focus on potential projects
For example, projects like AAVE and ENS are currently in an upward trend.
AAVE: As a leading project in the DeFi field, AAVE's performance is very strong, breaking through the previous high and confirming support on the pullback, and is expected to rise further. Buying opportunities after its pullback can be considered.
ENS: The performance of ENS is also noteworthy. As the market demand for Web3 and decentralized applications increases, ENS is expected to continue to break through historical highs, challenging the range of 60-70 USD.
As one of the infrastructures on Ethereum, ENS has very strong fundamentals and huge growth potential in the future.
Other sub-sectors: Meme coins and NFTs
In addition to DeFi and ENS, there are also signs of rising in the fields of Meme coins and NFTs. Market funds are flowing into these Ethereum-based projects, which are expected to further drive the overall rise of the Ethereum ecosystem.
Previously positioned bonk, doge, xrp, have also doubled and exited.
The next layout direction is still aimed at the high-profit opportunities of MEME, especially those with a lot of potential projects.
Currently, there are already two promising ones, waiting for the right time to ambush with fans, doubling is still quite simple!!!
Don't be like a headless fly running around anymore, hoping to gain several times the return in a bull market. Follow my pace, eat meat in big chunks, and enjoy the dividends of the bull market together!
