After breaking through the previous high of 64,000 on the morning of the 4th, it only fell back to the 62,300 line, and then rushed all the way to 68,500, only 500 points away from the historical high of 69,000! The current price has reached 68188, indicating that it is expected to hit a new historical high again today!
Yesterday's analysis expected that the market might first pull back and then rise, but the actual situation caught people off guard. This once again shows that forecasts are always prone to error and may underestimate market trends or simply underestimate the power of Wall Street predators. Strong buying negated any technical analysis.
Daily Chart Observation: It was previously predicted that the third box would experience sideways fluctuations for a few days before breaking through, but I did not expect that the rise would be so strong, forming a big positive line again, and going straight to a new historical high. The next step is to pay attention to the performance after breaking through new highs and whether it will encounter greater resistance.
30-minute chart observation: After the third buying point, the price increased again with heavy volume. No structural resistance is emerging, so the upward trend is expected to continue.
Despite this strength of the pie, many altcoins are still treading water, with most altcoins only kicking into gear when the pie moves sideways again. Therefore, the current strategy is to hold altcoins that have not risen, and those who have reduced their positions can make up for it in batches. Even if you are worried about missing out, you should keep holding it, and the temporary hold will usher in a skyrocketing price.
The market mentality is roughly the same: in a bear market, you can hold on tightly, but in a bull market, you are anxious. This is normal. However, we must know that we are currently in the early stages of a bull market, and no matter what currency we buy, it will increase at least several times. The key is that in the middle and late stages of the bull market, it is crucial to control desires, stop when things are good, and be safe!
The bull market is over, but you must control your desires and act cautiously to benefit in the long run!
