The BTC trend did not rise much over the weekend. The daily line opened near 66,000 this morning and rebounded to a new high.
This wave of spikes in the early morning first exploded the long contracts and then the short sellers. Currently, most people are beginning to be bullish, and they will basically see more than 100,000 again in the future.
This rebound is the same as the previous one, it is just that Bitcoin is getting stronger, and Bitcoin has not even touched 3600. Today, Bitcoin has risen around 3560. It is not a separate compensatory rise, but just a follow-up rise. Everyone just saw the crazy rise of Bitcoin, and if you look at other coins on the market, you can calm down.
Even today many altcoins are starting to pull back.
Today and this week's highlights: This week's overall highlights are a big correction
BTC intraday level four-hour pin 66000 points first line pullback high point, the market is enough to give the market confidence,
At the same time, the market's fomo sentiment will reappear, but the current fomo sentiment will not be very high, because there are no hot copycats, just big pie flying alone.
On the daily level, the space above BTC is not that large. The two previous highs were 74,000 and 72,000.
The intraday support level is 66000 in the early morning. It is expected that the support position of this pin will be repaired today and tomorrow. First, prevent the support near 66000. After breaking through, you can pay attention to the 64000-64800 range. The key point this week is the 62000-63000 range.
ETH’s resistance today is around 3560. It is not a rebound to reach this position, but it is following the rise of BTC to reach this position.
The resistance points at the intraday level and the daily line level should focus on the 3560-3600 range. If the second cake is to make up for the rise separately in the future, it will have to look at the high point of the 3660-3720 range to prevent a first-hand rise.
At the same time, during the process of the big cake stepping back, the two cakes will also step back in conjunction. This week, we will focus on the 3200-3280 range. At the daily level and intraday level, we will focus on the first line of support at the 3380-3420 range.
For copycats: short-term speculation, run when there is profit, no need to worry about the pattern
The recent focus is on Ethereum ETF. Will the good news turn into bad news? This is the most concerned topic.
First, I would like to share my personal opinion: I think it will be a long-term positive and will drive the market to rise further.
Ethereum has always been the fuse of the altcoin bull market, which has continued since the big bull market in 2017.
Therefore, this time Ethereum's ETF may be the fuse that will truly ignite the bull market.
The market is already eager for a big bull market, especially after the deep wash-out from March to June, which has already made people extremely fearful.
This is a key reference factor for the bottoming out of the financial market
Amid market turmoil, MATIC could rise in next altcoin season
MATIC, also known as Polygon, is a promising player in the cryptocurrency space. It aims to increase the functionality of Ethereum by providing cheaper and faster transactions. Despite the recent market drop, the model looks like a bull run for 2021 and suggests the potential for a strong rebound.
MATIC’s technology reduces Ethereum’s congestion and fees, making it attractive as more projects seek better scalability. MATIC looks poised for growth in this market cycle and could be a smart choice as the altcoin season approaches.
ARB: Could Shine in the Next Altcoin Season
ARB is a promising altcoin that is gaining attention in the cryptocurrency world. It uses its own innovative blockchain designed for fast and cheap transactions. Despite the recent market decline, ARB is still showing signs of strong potential, similar to the 2021 model. This technology is well suited for a busy future as it can handle many operations simultaneously. If history repeats itself, ARB could see impressive gains in the next bull run.
That’s all for today’s analysis. If you have any questions, please feel free to contact me.
Finally, Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
In any industry, insiders make money from outsiders. If you don't understand the trend, investment strategy, or systematic investment method, you are welcome to learn from me. In the financial market with the most smart people, you can successfully dig for gold!
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