Over the weekend, BTC continued to rise, having broken through 81,000, reaching a new high. After a slight pullback yesterday, it quickly recovered, showing very strong momentum. Many indicators are now overbought, exceeding expectations. Currently, the daily chart has shown 7 consecutive bullish candles. Those who previously reduced their holdings need to wait for a pullback and consolidation before re-entering. Pay attention to any significant positive news in the fundamentals recently. After Tete's appointment, the related ZC is expected to maintain a fluctuating upward trend. Those with confidence can continue to wait for further increases. The daily chart remains healthy, and the upward trend has not changed. Stay confident, as there are still several positive factors ahead, such as interest rate cuts and FTX liquidity injections. Stay optimistic; the mid-term bull market is starting.
ETH followed BTC's rise yesterday, continuing its upward adjustment. It has now broken through the 3,200 mark. After a slight pullback yesterday, it quickly recovered and will continue to rise. Today, pay attention to whether it can stabilize above 3,200. If it can consolidate at this position, we will continue to look bullish. A new round of rising cycle has already started.
The altcoin sector is following BTC's rise. ETH's upward adjustment has prompted most altcoins to follow suit, with many coins showing decent gains. Hold patiently and wait for a full-blown altcoin explosion. SATS should continue to hold, and consider cashing out around 50. For mid-term holdings, it can be looked at around 80. PEOPLE has shown a clear rebound. Those who still have positions can consider switching out. If you still have confidence, you can continue to hold. PEOPLE did not start the election phase, and currently, many have already exited. There is still an expectation of further increases. After reducing holdings, CKB should continue to hold and wait for ecological explosions. FTM should be held, while FB remains unchanged, waiting for ecological recovery. Appropriate profit-taking should be done at highs.
Today's intraday market: BTC has support at 79,000-79,500, and resistance at 81,500-82,000. ETH has support at 3,000-3,050, and resistance at 3,250-3,280.