Bitcoin officially broke the resistance level of 61,000 points last night, and the K-line stood above the daily MA 60. Although the short-term has declined, the daily line closed with a big positive line yesterday, and the price completely swallowed the previous day's negative line correction. It indicates that the price has continued to rise since the rebound from 52,500 points. During this period, many currencies rushed to rise, and an upward channel has been formed on the daily line, and it has been confirmed many times that it has a pattern of a sharp rise. There are many currencies, and the medal will analyze them one by one.
First of all, I would like to recommend SUI to you. In fact, this coin performed well in March this year, and the price showed a number of bearish trends, especially around March 10 this year. After accumulating momentum at the trough, SUI continued to choose a strong pull-up, crossing the high of 2.0 on February 14. In theory, it should rise by another band cycle, that is, a high of more than 3.0. However, because the pull-up happened to coincide with the peak of the 73,000 stage bull market of the big cake, the price of SUI fell all the way, without any resistance to the market protection action, and the price retreated to the lowest position of 0.46. Calculated from the highest position of 2.18, the retracement reached 79%, which was really exaggerated. But it soon ushered in a V-shaped reversal. After the last big drop on August 5, the daily line continued to attack, and quickly rebounded from the lowest position to 1.11, doubling the pull-up in a week. From the analysis of the form alone, it seems that there is a kind of revenge rebound after the sharp drop, but the price support is strong in the later period, and it quickly recovers the lost ground after two slight corrections, and there have been many increases of more than 10% in the middle, and they are rising against the trend. For such a form, the form of price continuing to induce more is no longer there, and the real intention of rising is clear.
At the same time, the performance of the SUI public chain is very superior. It can reach a high TPS throughput of hundreds of thousands of times per second, which is unparalleled. It is a valuable project target. Similar to the previous analysis of SOL by Medal, valuable projects will definitely play their value. In the end, SOL achieved a 10-fold profit increase (you can look up the historical analysis of Medal).
Based on the above information, it is recommended to follow up bravely for this strong currency. The four-hour chart has formed the early and middle stages of the rising channel, and the entire upward path is very obvious. The retracement uses the four-hour MA 30 as a short-term support point, and the corresponding price is 1.07. In terms of operation, due to sufficient expected highs, it is recommended to follow up at the current price and respond to retracements by covering positions. It is recommended to enter the market at 1.15-1.20, and bravely cover positions if it is below 1.00. Short-term profits are at 1.40, medium-term profits are at 1.65, and medium- and long-term profits are at 3.0 or above.
Since this round of bull market is different from the past, the speed and amplitude of the currency rise vary greatly. For those who want to catch the big gains, pay attention to the medal in time to help you stand at a high point and pursue the wealth of the currency circle from a professional perspective.
