Over the weekend, the market adjusted gradually and the enthusiasm of the market seemed to have cooled down. Of course, opportunities and risks always coexist. New coins such as XAI, JTO, NFP, PYTH, etc., which had previously fallen back, performed very well this weekend. The rotation and switching of sectors have a certain rhythm. If you grasp this rhythm, the efficiency of asset appreciation will be accelerated many times.
Bitcoin: BTC: The U.S. stock market did not open for two days over the weekend, the digital currency market lacked liquidity, and the currency price fell all the way, breaking the previous four-hour rising channel structure. Now we need to observe whether Bitcoin can recover above 43,000 from the 15th to the 16th. If it can recover, there will be another rebound, with targets at 44,000 and 47,000. Around 47,000, a right shoulder of a head and shoulders top structure will be constructed. If Bitcoin cannot recover above 43,000, then it will have to test the support level of around 40,700.
Ethereum: The independent trend has ended, and now it is following Bitcoin. Today we need to observe whether it will go sideways in the range of 2450~2570. The intraday support levels are 2450 and 2400, and the resistance levels are 2580 and 2700.
Altcoins:
ICP: After being quiet for a while, ICP has reached a position with an excellent profit-loss ratio. You can open a position below 13.15, stop loss when it falls below 11.5, and take profit in batches at 14, 15, 17 and above.
JTO: The second target of 2.8 has basically been reached, and the next target is 4.2. Please pay attention to taking profits in batches.
NFP: It has been very strong and formed an upward relay on the 14th. It has now broken through this relay structure and completed the retracement. For those who took long positions at around 0.57 last week, they can partially take profits and partially hold. The upper target is around 1U.
LINK: It has formed an upward relay pattern at the daily level. You can open positions in batches below 15, stop loss below 12, and take profit in batches above 17. Going up, you can see 21.
