BTC
Currently, Bitcoin's daily chart shows a small bearish candle with upper and lower shadows, and the trading volume is more than twice that of the previous day, remaining in a high-level volatility state. The MA30 line continues to rise, while the MACD is gradually showing an increased trend of bearish momentum above the zero axis. It should be noted that the daily level is severely overbought, and the MACD's distance from the zero axis also indicates that the market needs time to adjust and oscillate to repair these indicators; therefore, the volatility pattern will still be maintained in the short term.
The current focus is on Ethereum and altcoins. Although Bitcoin is in a volatile state, if Ethereum continues to strengthen, the performance of altcoins will also improve accordingly. Remember, if there is an opportunity for altcoins to decline, having the courage to enter could lead to unexpected gains.
ETH
Ethereum's daily chart shows a bearish candle with a long lower shadow and a short upper shadow, and the trading volume increased by 70% compared to the previous day. The price has reached a new high, still maintaining an upward oscillation pattern. The MA30 line continues to rise, but the MACD shows that the bullish momentum is gradually weakening, and the MACD is far from the zero axis, indicating serious overbought signs in the market. A normal trend should see an adjustment, and a pullback to the 3320-3460 range would be more beneficial for subsequent rises.
Although there is a demand for market adjustment, the extent of the pullback in the short term will not be significant. This wave of decline is for a better rise, so do not be afraid. After the adjustment is in place, you can enter the market boldly.
Currently, most altcoin prices are close to strong resistance zones, and there has not been a clear breakthrough in volatility. The overbought signals at the daily level also indicate that the market has entered a high position. The fluctuations in Bitcoin and Ethereum, along with the pullback of altcoins, provide opportunities for spot buyers, who can buy in batches at lower prices in the short term.
SOL
Solana's daily chart shows a bearish candle with upper and lower shadows, and the trading volume is more than twice that of the previous day, indicating a downward oscillation. The MA30 line still maintains an upward trend, while the MACD shows increasing bearish momentum, gradually returning to the zero axis. The price drops to touch the MA30 line and is supported, although there is a rebound, the momentum is weak. It is expected to oscillate for a while, and once the MACD approaches the zero axis and completes its oscillation accumulation, a rebound may occur.
If Bitcoin declines, SOL may also adjust accordingly. If the price pulls back to the 206-210 range, it could be a good entry opportunity, at which point a significant short-term rebound can be captured.
RUNE
RUNE is currently in a breakout phase. If the breakout is successful, it may rise to around $7.3. Although the main upward wave has not yet arrived, the current market is showing a slow accumulation state. When the main upward wave comes, the acceleration will be very fast. The daily fluctuations are large, and one should operate according to the trend. Spot investors should adopt a strategy of buying more when prices fall and not chasing high prices when they rise.
