Currently, Bitcoin's market capitalization accounts for about 56%, but there is still a downward trend.
If Bitcoin's price can remain stable or even enter a sideways consolidation phase, this will be more conducive to funds flowing from Bitcoin to the altcoin market.
We need to patiently wait for further declines in Bitcoin's market capitalization, at which point the altcoin market is expected to welcome a new round of rotation.
Bitcoin's daily trend and 12-hour MACD indicators are both releasing positive signals.
The price is firmly above the 5-day and 10-day moving averages, indicating that the overall trend remains upward.
More critically, the 12-hour MACD indicator is gradually approaching the golden cross pattern. Once this signal is confirmed, the bullish forces will have even more compelling reasons to launch a new round of attacks.
The market is always full of variables. In short-term trading, we need to be wary of the fact that if the 12-hour MACD indicator has not formed a golden cross for an extended period, the market may undergo a slight adjustment.
However, even so, there is no need for excessive worry.
Because the support area below $90,000 remains solid, the bullish forces will gather momentum in this area, waiting for the next charge.
For those optimistic about the future market, what is needed now is patience and waiting.
As long as the holding mindset remains stable, this wave of market movement will surely meet everyone's expectations.
Ethereum's performance is also noteworthy.
Yesterday, Ethereum's daily line closed with a large bullish candlestick, showing a strong market momentum. Although today's price has pulled back, this is just a normal adjustment phase.
Currently, we need to closely monitor the dynamics of the 5-day moving average.
As the moving average gradually rises and the market consolidates, Ethereum is expected to launch a new round of upward movement.
Previously positioned bonk, doge, xrp, have all doubled out.
The next positioning direction is still aimed at the lucrative opportunities of MEME, especially those with high potential projects.
Currently, two promising ones have been identified. Once they drop to the right level, it will be quite simple to double the investment!!!
