BTC is currently consolidating at 58,000. It was a good thing that it started to go sideways last night. The long and short positions were relatively balanced. After waking up, many altcoins took advantage of the time when Bitcoin was taking a break and soared by several points!
If BTC continues to consolidate sideways, it will be beneficial to the subsequent performance of the copycat. Next, we will pay attention to the trend of BTC. Without seeking a sharp rise, it will be an excellent trend if it can stabilize at 57,000!
The current Bitcoin market is fluctuating at a high level, with a risk of a short-term correction, but the overall trend is still bullish. It is recommended to be cautious about chasing high prices and do a good job of position management and risk control. Wait for a short-term correction to the support level before arranging a long position. If the price is weak, you can consider shorting at a high level.
Calculated from the high point in March, the Bitcoin market has been in a correction for nearly six months. Most of the altcoins have fallen to the bottom of their market value. The proportion of large and retail investors who are still able to sell their stocks in the next big drop has fallen to a new low.
Some altcoins have dared to quietly pull up their prices. The adjustment wave that started in March may be coming to an end.
The bull market is about to start! These tokens will start to soar 100 times!
PEOPLE
Multiple bottoms are as solid as a rock, and the buying is strong! Although this bull market dark horse has been bumpy recently and the price fluctuations are like a roller coaster, it makes the contract and spot players love and hate it. The high risk also hides the secret of high returns.
TREES
BOME, the hidden superstar in the Solana ecosystem, is quietly accumulating strength and is ready to go! The Binance debut was not earth-shattering, but the energy of the big guys behind the scenes is like a dormant volcano, waiting for the moment to erupt. From its birth to Binance, a three-day miracle, the strength and consensus are self-evident!
SUN
Although SOL's journey to 2024 is full of challenges and its value has shrunk by 40% since March, the price of $127 may become a key line of defense. The road to rebound may start from here. With its excellent scalability, lightning transactions and low cost, SOL is leading the first-layer blockchain track, attracting the attention of countless Web3 developers and NFT creators, and becoming the shining star of the Web3 ecosystem!
WIF
Memecoins have always been hotly debated for their roots in internet culture, and WIF is no exception. Backed by Solana technology, WIF has shown the potential to explode in this market cycle.
In addition, WIF is active in the SOL ecosystem, especially during the bull market, and its performance is particularly strong. With an active community and a large number of large investors, WIF's growth logic is better than other memecoins and is worthy of attention.
BONK
Weekly bottom pattern. BONK is based on the SOL chain and belongs to the SOL ecosystem. It can access high-quality DeFi applications, NFT markets and game platforms, and has multiple application scenarios. The market value is 1.042 billion, which is about 65% lower than the high point. Suitable for long-term holding, the goal is to double.
