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🌹 Bull returning? Bitcoin rises by 87,000, is the ETH market about to come? Future altcoin trading strategy password👇 + Chan Theory diagram teaching 16 lectures
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Bitcoin breaks through, is the bull market coming? $BTC 63% market share - rising trend! After BTC's high-level fluctuations digesting indicators, it indeed broke upwards again. Last week we mentioned that the pattern leaned towards bullish, and it has been consistently indicating that as long as the price retraces to the 83,000 - 84,000 range, we should go long. This wave of retracement previously induced a downward false breakout. If the price retraces below 84,000 and we pay attention to this range, we can at least catch a few thousand points of rise. If you're in, be sure to take profits in batches; if you're not in, wait for the opportunity to short!
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🌹ETH has also rebounded by almost a hundred points in the short term, but a small level has already shown a doji, indicating that the selling pressure above is still very strong. Next, pay attention to the resistance in the 1670-1700 range above. If it fails to break through and stabilize, I will consider entering a short position. No matter how much is said, only the attitude of funds can determine the price and trend. When ETH starts to regain the attention of funds, it will be able to improve again.
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🌹SOL is still leading Bitcoin this time. When it was at 115, I mentioned that SOL would rise, with a range of 120-140. The closer it gets to the upper end of the range, the more it’s a good strategy to take profit. This is how I executed it; currently, we need to wait for a good pattern and good indicators to continue entering the market. After all, if the next target is 170, I think the journey should be a bit bumpy. If it goes straight up, then let it go, tactical empty stance first.
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🌹Regarding altcoins, although BTC has risen, the altcoins have not followed, indicating that market funds have temporarily shifted to BTC. Last week, altcoins rose because Bitcoin was in a range-bound oscillation for the entire week, allowing funds to flow towards the altcoins. This week, as Bitcoin breaks out and rises, funds may be siphoned off by Bitcoin, so the operations in altcoins this week should not be too aggressive. Based on past experience, this could be a good time to make some trades in altcoins to catch up. Of course, the strategy should be to enter and exit quickly, as the consequences of diving into altcoins have been quite scary over the past two years. There are too many types of altcoins, and their rhythms and lifecycles are different, so it is recommended to find some altcoins with relatively normal rhythms and less volatility to trade. Analysis of hot sectors.
======================= 1. Small cap coins experience severe volatility: Voxel, NKN, Broccoli (F3B) and other low market cap coins have seen significant rises and falls. Among them, Voxel's contract position is several times that of the spot market, raising market suspicions of manipulation and short squeeze operations. Investors need to be cautious of risks.
======================= 2. AI concept coins are rising strongly: SkyAI, as the MCP concept AI project for the Four platform IDO, and FHE, which has transitioned from homomorphic encryption privacy to AI, have reached new market cap highs after the Cake platform IDO. Other coins like Lumo have also become pioneers leading this round of AI track.
======================= 3. The meme pattern of the Sol chain is changing: Fartcoin has received significant whale funding, leading to a continuous price rise; while coins like RFC and Dark have broken critical support levels, funds are clearly flowing back to the leading Fartcoin, concentrating market enthusiasm.
======================= 4. The DEX sector stands out: Hype performs exceptionally in the on-chain contract trading market, achieving a market share of 80%, becoming a popular choice for current decentralized trading, attracting a large influx of funds.
======================= 5. New Favorite in the BTC Ecosystem: Methane, as a rune-enhanced version, has seen its attention and price rise simultaneously, becoming a hot project in the BTC ecosystem. Currently, in a market lacking liquidity or confidence, there is nothing sustainable in the market, and short-term pumps are just for offloading, so be sure to remember that. It is essential to closely monitor market fluctuations.
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🌹 Many people are asking whether a bull market is coming and how it will develop in the future. Interest rates will definitely be cut in the second half of the year, but don't have too high expectations for the magnitude of the cuts; the frequency and basis points of the cuts won't be that aggressive. This liquidity will not bring about the kind of big bull market we saw in 2021, as mainstream capital will still choose to build on Bitcoin.
======================= Many people are concerned if there are still altcoins and a bull market? The altcoin performance over the weekend was exceptionally diverse, each following its own rhythm, which means that in the upcoming rebound, altcoins will have their own destinies and paths. It is still difficult to see a widespread rise in the short term, so choosing coins becomes very critical at this time~
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🌹Key points for selecting coins:
1. Preferred Long 1: Big Cake btc
2. Secondly, Long Er Long San: ETH or SOL
3. Next, there are the altcoins submitting ETFs: ADA, DOGE, LTC, etc.
4. There is also the Trump family's crypto project token.
5. Next are the market hot alts, this pace needs to be fast, otherwise it's easy to get trapped.
🌹New coins and newly launched coins are not highly recommended; they peak as soon as they go online.
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On the operational level, focus mainly on alts, with plenty of opportunities available on-chain. Regarding alts, let me emphasize one thing: if you’ve made a profit, consider finding an opportunity to exit, don’t be too greedy; this round of Bitcoin is covering the retreat of alts, and it’s not the first or second time. We can’t keep getting buried in the same pit, can we?
#sol# #voxel# #pi# #eth# #btc#