Katie Stockton, founder and technical analyst at Fairlead Strategies, pointed out in a research report this week that after Bitcoin first broke through the 100,000 dollar mark, it did not stabilize at that level before experiencing a pullback. Therefore, it cannot be said that Bitcoin has confirmed a breakthrough of this historic level.
Let's first say, so everyone won't be escaping the peak and bottoming out, right?!!!
The market is indeed strong, directly reversing in 4 hours. Bitcoin is now harvesting around 100,000, repeatedly exploding long and short contracts!
Regarding Bitcoin, it has been emphasized that the 100,000 yuan integer level is definitely a position where the main funds will take action. Sure enough, after FOMO pushed past 100,000, Bitcoin welcomed its first true adjustment in this upward trend.
From a trend perspective, the daily MA30 moving average has effectively tested support, and the upward trend has not been damaged. There hasn't even been a false break; the slope is decreasing, and the next few days will be a potential time to choose a direction.
From a smaller level, the rise since 94256 has not shown strong momentum. Breaking above 101888 will form a small-level push from the bottom line, but currently, it seems that the energy is not substantial.
I personally tend to adjust to an unfinished state, and in terms of trends, I prefer to adjust from a smaller level to a larger level to continue pulling. If it breaks the daily MA30 moving average, if it can again pull back down to make a higher low, I think the overall adjustment will be about done.
Regarding altcoins, this wave of major altcoins has chosen SOL. The internal analysis over the past few days seems to indicate that the choice is quite correct.
Internal friends should know that I bought some MKR yesterday. The logic is that I was optimistic before and bought to hold, but I was left behind. Now the price and pattern have reached a position where I can personally enter, performing quite normally, with a rise of 5-6% yesterday. Yesterday, I entered Pnut and Gala at their lowest points.
On the operation side:
1. Any low-priced coins bought during these two spikes are considered to be worth holding. The coins I personally bottomed out (switched positions) are worth holding.
2. The view that the altcoin season is about to arrive remains unchanged. The first phase is sector rotation, and the second phase will select strong sectors (leading sectors).
3. Every drop in a bull market is a gift. Each drop in a bull market is also a good opportunity to assess the altcoin market and to switch positions. It has always been said that in a bull market, one should not short the market but focus on buying low. The supreme strategy has always been to go long in the past two months and never to short, just to remind of the risks of reducing positions.
Of course, standing on the shoulders of giants allows us to see further. Following the big brother means you will never lack for soup!
The Alipay homepage recommends cryptocurrency!
The mainland Alipay homepage recommends cryptocurrency! This fund is named Huabao Overseas Technology C (QDII-FOF-LOF), but it is currently limited to a maximum daily investment of 1,000 yuan, with investment targets primarily in Coinbase stocks and Bitcoin ETFs.
Finally, let's talk about: The reasons for being optimistic about both PEPE and DOGE.
As the leading coin, it leads related projects. PEPE has been active recently and is in an adjustment accumulation phase. It is recommended to build positions in batches to control risks.
DOGE is the 'big brother' of meme coins, with stable fundamentals and high capital attention. When the meme sector reignites, it may become the leader, and it is advisable to hold positions steadily.
Overall, neither is absent from the market, and as the market warms up, profits are considerable. It is wise to hold patiently for the long term.
