Current market situation:
The market is witnessing strong upward momentum:
Bitcoin (BTC): Approaching the $100,000 barrier, a psychological level and major resistance.
Ethereum (ETH): Steady at $3,700, but facing resistances that may affect the trend.
Altcoins: Showing strong performance with gains of over 20% for some, such as Hedera and Litecoin.
What to watch for?
1. Market indicators:
The Fear and Greed indicator is at the extreme greed level, which could mean corrections are imminent.
High liquidity and interest in altcoins like MOVE due to new network launches.
2. Technical analysis:
Bitcoin: Support at $95,000, with resistance at $100,000.
Ethereum: Needs to break $3,750 to confirm momentum.
3. Impactful news:
The launch of new networks like MOVE Mainnet and the promotion of decentralized applications support the bullish trend of altcoins.
When to enter the market?
For risk takers: Now may be a good time to take advantage of the bullish momentum, especially with Bitcoin approaching record highs.
For conservatives: It is better to wait for corrections or breakout of key resistance levels to reduce risks.
Altcoins: New projects like MOVE hold potential, but need to be closely monitored for market development.
General tips:
Start with small amounts: to avoid big losses.
Monitor news and technical levels: to determine appropriate entry and exit points.
Investing in altcoins can be risky but it also holds opportunities.
🎯 The market is full of opportunities, but it requires caution and patience.
L. Do you have additional questions about a particular currency or deeper analysis? ✉️
