Akan's market analysis today:
The price of Bitcoin experienced sideways fluctuations around 63,000 over the weekend, which lasted for two days. According to the 4K line hourly chart, there were three sell signals, and the next day may bottom out at the support area of 61,400.
In the 4-hour chart, Ethereum formed a top pattern at 3350, and it is expected that it may pull back to around 3220 today to test the support strength of this area.
Recently, the performance of the altcoin market has rebounded, especially the staking sector led by ETHFI and SSV. This year's market focus seems to be concentrated around Ethereum, and the operation method is similar to the Bitcoin ETF narrative. Most of the assets related to the Ethereum ecosystem will also experience a pullback today. Investors can use the secondary buy and sell point strategy of 334± to trade in order to profit from this fluctuation.
