2024.5.26 Today's Market Analysis: Dr. Frog đžđźMarket Trends
$BTC and $ETH have not fluctuated much recently. $ETH price is consolidating with shrinking volume around $3,800, while $BTC hits the upper resistance level of the channel around $70,000.
$ETH: The current price is consolidating with shrinking volume around $3,800. This week's weekly closing is not expected to change much.
$BTC: The price hits the upper resistance level of the channel again around $70,000. Next week, we need to pay attention to whether it can break out of the breakthrough pattern with $ETH.
Altcoin sector
Binance's new coin sector has seen rotation, and many tokens have rebounded from the earliest $ETHFI to the current one.
Short-term strategy: Gradually lock in profits in batches at the current high. Long-term strategy: Continue to hold and wait patiently for the gradual arrival of the big market.
Next week's expectations
If $ETH fails to break out of the breakthrough pattern in the first two days after the overall rebound of altcoins next week, it may fall back, which needs attention.
$ETH: Pay attention to whether it can break through the resistance level of $3,800. If it fails to break through, it may fall back. $BTC: It is necessary to observe whether it can break through the resistance level of $70,000. If it fails, it may also adjust.
Investment advice
Short-term: Take profits in batches. Long-term: Continue to hold and do not waver. Opportunity to get on board: If there is a fall back next week, it is a good opportunity to get on board.#Cryptocurrency#MarketAnalysis #$BTC #$ETH#Altcoin#Dr.Frog đžđź
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