Bitcoin and meme performed well over the weekend, especially the#memeconcept category on various chains, which all showed a large increase, such as#Fearnoton the Ethereum chain,#RETARDIOon the SOL chain, and#MIGGLESon the BASE chain, etc. Therefore, retail players in the market still like meme categories. One reason is that the market has sustainable meem output, and the other is that retail investors treat meme like lottery tickets, which is more exciting to gamble.

Let's take a look at Bitcoin. Bitcoin re-entered the pull-up mode over the weekend, reaching a high of 68,000, and is somewhat tempted to re-challenge the 70,000 mark. However, I would like to remind you that if this position cannot be broken through and stabilized at 72,000 in one go, it is very likely to encounter resistance and retracement, because the 70,000-72,000 trend is a very strong resistance area. This area has been formed since March this year and is currently about to be challenged. If the market cannot break through 72,000+ in one go, then there is a high probability that it will pull back. When Bitcoin pulls back, the cottage cannot be avoided, so I would like to remind you to pay attention to the risks here.

So the next strategy is to observe whether the market can pull up to 70,000+ in one go and break through 72,000 to reach a new high after stabilizing. If this is not the case, then there is a high probability that it will retrace and fluctuate. If you choose to fluctuate and adjust, then the support level below is around 63,500.