BTC market has once again refreshed its historical high, and it is not far from the predicted high range of 96 - 98.
However, this is merely an estimated high point, and given Bitcoin's strong trend at present, it is difficult to assert whether it can reach this range in the future. Currently, the BTC market shows a trend of funds pushing prices up unilaterally, but has not been able to drive the entire market to rise in tandem.
The usual practice is to first purchase Bitcoin, and then wait for Ethereum to catch up; however, this year the situation is that buying Bitcoin yields profit while buying Ethereum results in losses.
Therefore, operational strategy is particularly crucial.
This year, as long as one shorts altcoins and Ethereum at random, profit can be made, but shorting Bitcoin is not feasible.
As long as one holds long positions in Bitcoin this year, continuous profits can be obtained. Conversely, if one goes long on Ethereum and altcoins, they will fall into difficulties. In such a market, can this really be called a bull market?
ETH trend analysis: its price has once again reached the critical defense point of 3000.
Yesterday, a small bullish line was formed on the daily chart, while bearish signals have already appeared on the four-hour chart.
In terms of the current trend, the probability of breaking below 3000 is continuously rising.
If Ethereum breaks below the 3000 mark in this round, it is expected to subsequently test the range of 2760 - 2850.
