12.2 Old Leek Talks About Coins

Market Review and Analysis

The weekly and monthly lines have closed, and based on the current monthly and weekly level closings, they are considered relatively good. BTC's weekly line closed with a golden needle last week, and this week we should prevent a correction of last week's spike by paying attention to a point near 92000. Under this premise, we should first pay attention to whether the new high position above will break. The second coin market is currently strengthening continuously, with some altcoins experiencing a rebound during this phase. The strongest old coins in this round of market are mainly XRP, which has reached a five-fold increase from the low point to the current position, achieving a historic high. Previously, on the 21st, we talked about a certain trend: when the big coin falls, the second coin and altcoins rebound, which is a补涨 (catch-up) market. Although not every day sees a collective rise, the market is undergoing rotation, with individual coins moving one by one, experiencing a phase of catch-up. Market liquidity is beginning to increase, and activity is starting to rise. The second coin has also reached the tail end of the 3700-3800 range, and it depends on whether this round of market can break the 3800 point to open up space above. If a breakout occurs, the subsequent market will continue to strengthen, and altcoins will also follow suit. There is no need to pay too much attention to the big coin's trend; the subsequent market performance will continue for 2-4 months.

Today's and This Week's Highlights

Currently, we are watching whether BTC can challenge the high point, the 100,000 mark that everyone is concerned about, which has been delayed in breaking. This is something everyone needs to pay attention to; don't blindly focus on the big coin's trend at this position. Overall, we need to pay attention to the rotation of other coins. According to the current trend phase, the gaming sector and AI sector can still be followed as they will continue to strengthen.

For ETH, this week we should focus on whether it will break the 3800 point to open up space above. The more the current market situation, the more we need to pay attention to the changes in trends and prevent sudden market movements. If this week cannot break 3800 to open up space above, we must take preventive measures. The support points below need to focus on the first line of support at 3480-3520. The weekly and daily trend levels need to focus on the range of 3280-3360. Currently, it seems that this position will not be broken this week, and the big coin will not experience the large drop that everyone is worried about. A normal correction of a few points or ten points is considered a normal adjustment phase.