Market Analysis and Strategy
I. $BTC Market
Yesterday Review: Yesterday, BTC experienced an oversold rebound, and the short-term downward trend continued. The market confidence is insufficient, and the side effects of the expected extension of the interest rate cut and the Mentougou incident are still negative. However, it did not continue to fall after the rebound yesterday, showing a certain market resilience.
Today's focus:
Resistance breakthrough: Focus on the breakthrough of the resistance level in the 62500-63000 range. If it fails to break through effectively, the market may continue to fall. Market confidence: The negative impact needs time to digest, and the recovery of market confidence needs to be continued during the day.
Operational suggestions: Investors are advised to prepare for continued corrections, operate cautiously, and avoid blindly chasing up.
II. $ETH Market
Recent trends: ETH is healthier than BTC, and it rebounded and fluctuated in the range. However, the expectation of ETF positive speculation is about to end, and we need to be vigilant about market changes.
Today's focus:
Resistance range: Pay attention to the resistance range of 3450-3480 during the day. If it fails to break through effectively, it may continue to fall. Market trends: Pay attention to the linkage between ETH and other mainstream currencies, as well as the overall market trend.
Operational suggestions: Investors are advised to remain cautious and flexibly adjust their strategies according to market changes.
III. Altcoin market
Recent performance: The altcoin sector rebounded synchronously with the mainstream, but the overall market is still in a wait-and-see state, waiting for the mainstream currency to stabilize and clear reversal signals.
Operational suggestions: Investors are advised to remain on the sidelines, not blindly participate in ultra-short-term games, and wait for the market trend to become clear before making decisions.
IV. Other concerns
RGB++: RGB++ has opened free casting, and the recent on-chain activity has increased. As a new protocol for BTC ecological construction, it is worth continued attention. Rune market: The market is still sluggish, and investors are advised to pay attention to high-quality currencies and start buying when waiting for the second wash.
Risk warning: The cryptocurrency market fluctuates greatly, and investors need to operate cautiously according to their own risk tolerance. The above analysis is for reference only and does not constitute investment advice.
