The current market situation is indeed a bit uncomfortable! Let me give you a brief analysis of Bitcoin and altcoin trends. Once we understand the trends, we will have a general direction for future actions!
Analysis of 75005648785:
Bitcoin is currently in a high-level fluctuation trend, oscillating overall. This means that both the upper resistance and lower support are very strong. Currently, it is oscillating back and forth within this range!
The upper resistance comes from around 100,000, which is also the key pressure point at the daily EMA30. At the bottom, there are currently two key support levels, 92,000 - 90,000, with a difference of 2,000. In other words, the more it touches the 90,000 support, the stronger it gets! However, it may also create a false breakdown trend to deceive traders when approaching! But the core viewpoint of the 90,000 support remains unchanged for now!!
Central idea: Touching resistance leads to a pullback, touching support leads to a rebound! So that’s how the trend goes! With a trend, there are coping strategies! In simple terms, it’s about selling high and buying low!!!
Currently, most altcoins are also following Bitcoin's trend, fluctuating up and down! But this precisely presents an opportunity for altcoins to catch up. As long as Bitcoin continues to oscillate at high levels, funds will escape and gradually flow towards Ethereum and altcoins! What altcoins lack right now is just a "catalyst"! The "catalyst" refers to speculative hotspots; as long as there’s a hotspot, the altcoins in that sector will rise independently. Other sectors will continue to follow the leader slowly back and forth!
Currently, there are only a few small hotspots, such as the one at the top of the growth list 43289789093, which is related to some technical aspect of AI token issuance. This tiny spark can be instantly favored by the market during a dull market!
However, if you can’t understand the technical aspects and don’t have a cost advantage, it’s hard to engage in speculation, so some opportunities, if missed, should not be dwelt on. Jinbao will continue to update everyone on the subsequent trends and analyses and layouts of hot tokens!
If you want to follow along with the layout of subsequent hot tokens, follow Jinbao! Jinbao will continuously bring you valuable insights!