Today's market analysis
After the opening of the US stock market last night, the BTC trend continued to fluctuate as I expected yesterday, but the pressure from above was still quite large. After touching the upper 60.7K, it began to fall back, but it did not affect the buying power near the lower 58K. As of now, the BTC price is around 59.2k. For this kind of volatile market, remember not to bring in one-sided bullish or bearish, otherwise it is likely to cause your profit to be lost. For this kind of market, it is relatively simple to make a profit from short-term contract trading. Reduce the expected return and open a position at the appropriate support or pressure level. Of course, if the direction is misjudged, stop loss in time and exit. In this case, holding an order is always the most wrong decision.
Intraday pressure and support
BTC pressure level 60800/61800 support level 59500/58000
ETH pressure level 2700/2750 support level 2620/2580
Spot sector analysis and recommendation
Although Bitcoin is stable above 58k, the liquidity of the market is still relatively small. Currently, Bitcoin and Ethereum are supported by ETF inflows, so there is not much capital inflow into the altcoin market. Although many altcoins can rebound, the strength is not strong. This phenomenon is also normal. After all, there is no narrative that can be hyped in the market now. The inflow of funds is still limited. At this time, it is a good choice to find some tokens with market makers entering the market to ambush. For this type of currency, it usually falls for 3 months or even longer before starting to increase in volume. During the decline, the project party or the market maker team will continue to collect low-priced chips. When there are enough chips in hand, they will pull the market to attract market heat and let more people enter the market. Then sell them after reaching the expected delivery position. This type of currency will normally have an increase of more than 30%, so it is no problem to ambush and enter the market before the market is pulled up and eat 30%. It mainly depends on the timing of entry and exit. It just happens that I have been paying attention to a token that is ready to pull the market. Now it has just started to increase in volume and may explode at any time!
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I like spot and can keep up with it
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Attention: saga, sui, rera, 1000sats, epx
