Akan's market analysis today
BTC
After breaking through $69,000 in the early morning, Bitcoin adjusted back, but the overall trend is still bullish. From the hourly candlestick chart, 68,500 and 67,500 are two key points for bulls to intervene. It is recommended to place a long order at 67,500, set the stop loss at 67,000, and the take-profit target is 72,000.
ETH
Yesterday, Ethereum successfully broke through the previous high of $3,950, but then began to step back. The bullish trend still exists, forming a top pattern at $3,977. It is expected to adjust to $3,800 today. It is recommended to place a long order in the range of 3,800-3,750, and set the stop loss at 3,690.
Altcoin
The recent market heat is still concentrated in the MEME sector. The trend of the leading PEPE is relatively mild, and there is no sign of peaking. It is recommended to be cautious in shorting. If you don't catch up with the MEME sector in the near future, you can continue to ambush Ethereum ecological projects and wait for subsequent market conditions.
Summary
In the current market environment, Bitcoin and Ethereum continue to be bullish, and it is recommended to pay attention to key intervention points. In terms of altcoins, the MEME sector is still hot, but it needs to be operated with caution. Investors can consider making arrangements during adjustments to seize the subsequent rising opportunities.