Recently, old coins have made a comeback, shining brightly. The coins you might think of, or haven't thought of, include XRP, TRX, LTC, DASH, BCH, etc., and even the weak EOS has surged. It's a way to give the old investors in the crypto world some reassurance. Old coins may fade away, but they will never die.
Recently, there haven't been any major global events, perhaps because of the transition period in the U.S., where the big boss is preparing to take the stage, and Trump's unpredictable businessman personality makes his strategies hard to decipher. Most countries are taking a wait-and-see approach, waiting for clear signals to appear. Moreover, Trump can only serve one term. According to his self-promoting personality, he aims to achieve glorious results, and this term he must protect U.S. interests. In the future, we will see many uncertain games. Sudden surges and drops will occur frequently.
The financial sector cannot be left behind either. Investing in U.S. stocks and the U.S. economy. Attracting funds to the U.S., entering the U.S. market.
The U.S. will control every sector, and the cryptocurrency market is no exception. Wall Street giants are certainly secretly orchestrating things, aiming to harvest the world's investors, not just small players in the crypto market, but also sovereign nations. In the future, BTC will definitely continue to rise, but how high, no one knows. It’s already beyond my understanding, so I can only observe as we go. Always keep an eye on the K-line patterns.
From the current BTC daily chart, there is still a cyclical high-level oscillation market, with short-term support around 95000-98892 for fluctuations. The MACD is in a bearish pattern, but the bearish strength is gradually weakening. The bullish side is strengthening.
At the four-hour level, the Bollinger Bands are slightly opening, and the MACD golden cross is moving upwards, suggesting there will be further rises. However, it is still recommended to be patient at this time and not chase highs. For altcoins that are profitable, it is advisable to reduce positions at highs or set trailing stop losses. There is no market that only rises without falling, nor one that only falls without rising.
High-level sideways trading, with emotions remaining greedy, means risks are always present. Looking back at the 3-day chart, the MACD has crossed downwards, and all past death crosses have resulted in corresponding pullbacks. So while cryptocurrency prices may rise, one can go crazy, but please keep your finances calm.
Recently, altcoins have surged, and there's no need to rely on technical indicators. It's normal for indicators to fail. Abnormal trends can only be managed with risk control. One can only say that sudden surges and sales mean pressure is for breaking through, and support is also meant to be broken. Cycles are excellent witnesses; you will never miss out and will never sell too late. $BTC #山寨币走势展望