Bitcoin's market capitalization share remains stable at around 56%, but the trend is still declining.
If Bitcoin's price can remain stable or even enter a sideways consolidation phase, funds are more likely to flow into the altcoin market. We need to patiently wait for the decline in Bitcoin's market capitalization share to bring rotation opportunities to the altcoin market.
From a technical perspective, Bitcoin's daily trend and the 12-hour MACD have released positive signals. Currently, the price is steadily above the 5-day and 10-day moving averages, and the overall trend is still upward. More importantly, the 12-hour MACD is about to form a golden cross, and once confirmed, the market will have stronger upward momentum.
Of course, the market is unpredictable. In short-term trading, it is important to note that if the 12-hour MACD fails to form a golden cross, the market may experience slight adjustments. However, even so, there is no need to worry excessively. Support below $90,000 remains strong, and bulls will be ready to take off in this area, preparing for the next wave of upward movement.
For friends who are optimistic about the future market, the most important thing now is to maintain patience and a stable mindset. This wave of market movement is definitely worth the wait.
Ethereum's performance is also not to be ignored. Yesterday, Ethereum closed with a large bullish candle, indicating a strong market. Although there is a slight pullback today, this is just a period of adjustment. Next, focus on the movement of the 5-day moving average. As the moving average gradually rises, after the market consolidates, Ethereum is expected to rise again.
Previously positioned WLD and UNI have also successfully doubled and exited.
Currently, I have identified two potential MEME coins, and once the price adjusts appropriately, I will stealthily enter with my followers, as there is still a good chance for doubling!