Yesterday, the market fluctuated as expected, and the overall adjustment range was stable. Bitcoin (BTC) opened at 67896, reached a high of 68318, a low of 67066, and closed at 68249, up 0.52% and a swing of about 1.84%. Ethereum (ETH) opened at 3249, reached a high of 3284, a low of 3198, and closed at 3270, up 0.65%, with a slightly larger swing of 2.65%. Both fluctuations were relatively mild.
As the end of the month approaches and the monthly line closes, it is expected that the market will continue to adjust and show a volatile upward trend. Bitcoin is performing more strongly and is ready to break through the 70,000 mark. The current price is hovering around 69,500, while Ethereum is around 3350.
Key points during the day:
Big cake pressure level: 69400-70000-70800; support level: 68500-67800-67000 Second cake pressure level: 3330-3400-3480; support level: 3260-3200-3150
This week is bullish. It is recommended to do more at low levels during the day and avoid shorting.
Spot sector strategy and recommendation
August, the active period of altcoins! Altcoins are ready to follow the pace of big cakes and second cakes. Recommend two long-term currencies: ORDI and WLD, with holding targets of more than 100 and more than 6u respectively.
Other highlight currencies:
The second-layer projects cannot be ignored, such as OP, the current price is about 1.7, which is worth buying. The SOL sector has a strong momentum, and Bome (about 0.009) and Wif (about 2.4) are recommended, and they should be purchased in batches. Meme sector, pay attention to Ordi, Bome, and Sats. Although the AI sector has been low-key recently, world currencies such as WLD (about 2.3) are worth holding and have great potential.
For more analysis, follow Xiaoye.
