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🔥Bull returning? Bitcoin big pump to 96,000, is the ETH market coming? Future altcoin trading strategy secrets + Chande theory diagram teaching 18 lessons👇
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Bitcoin breaks through, is the bull market coming? $BTC 63% market share - rising trend! After the high-level fluctuations digesting the indicators, Btc indeed broke through again. Last week, it was mentioned that the pattern leaned towards bullish, and recently it has been suggested to enter long positions as long as the price retraces to the 8.3-8.4w range. This wave of rebound previously induced a short before going down. If the price retraces below 8.4w and you pay attention to this range, you can at least gain a few thousand points of rise. If you get in, be sure to take profits in batches. If you haven't entered, 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 reversal has already appeared, indicating that the selling pressure above is still very strong. Next, pay attention to the resistance in the 1760-1780 range. If it cannot break through and stabilize, we will consider entering a short position. No matter how much we say, only the attitude of capital can determine the price and trend. Whenever ETH starts to regain the attention of capital, it can improve again.
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🔥SOL is still leading the Bitcoin wave. When it was at 115, I mentioned that SOL would rise, and taking profits as it approaches the upper range is a good trading strategy, which I have executed. Currently, we need to wait for a good pattern and good indicators before getting back in. After all, if the next target is 170, I think the journey might be a bit bumpy. If it goes straight up, then let it go, tactical caution for now.
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🔥In terms of alts, although BTC has risen, the alts have not followed, indicating that market funds have temporarily shifted to BTC. Last week, alts rose because Bitcoin was in a range-bound fluctuation for a week, and funds flowed towards the alts. This week, as Bitcoin breaks out and rises, funds may be absorbed by Bitcoin, so the operations for alts this week should not be too aggressive. Based on past experience, this is a time when one can consider making some supplementary gains on alts. Of course, the strategy should be to enter and exit quickly, as the consequences of diving into alts over the past two years have been quite frightening. There are too many types of alts, and their rhythms and lifecycles vary; it is advisable to look for some alts that have a relatively normal rhythm and are not too volatile. Analysis of hot sectors.
======================= 1. Small coins experience extreme volatility: Small market cap coins like Voxel, NKN, and Broccoli (F3B) have seen significant rises and falls. Among them, Voxel's contract holdings are several times that of the spot market, leading the market to suspect manipulative control and short squeeze operations. Investors should be cautious of the risks.
======================= 2. The strong rise of AI concept coins: SkyAI, as the MCP concept AI project of the Four platform IDO, FHE has transformed from the field of homomorphic encryption privacy to AI and has reached a new market value high after the IDO on the Cake platform, along with other coins like Lumo, all becoming the leading pioneers in this round of the AI track.
======================= 3. The Meme pattern on the Sol chain is changing: Fartcoin has received major whale funding support, leading to a continuous price rise; meanwhile, coins like RFC and Dark have fallen below key support levels, with funds noticeably flowing back to the leading Fartcoin, concentrating market enthusiasm.
======================= 4. The DEX track stands out: Hype performs excellently in the on-chain contract trading market, with a market share of up to 80%, becoming a popular choice for current decentralized trading, attracting a large influx of funds.
======================= 5. New darling of the BTC ecosystem: Methane, as an enhanced version of the rune, is gaining attention and price simultaneously, becoming a hot project in the BTC ecosystem. Currently, in the context of a market lacking liquidity or confidence, there is nothing sustainable in the market, and short-term spikes are just for unloading, so remember that. Keep a close eye on market fluctuations.
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Many people are asking if a bull market will come? How will it develop later? There will definitely be interest rate cuts in the second half of the year, but don't have too high expectations for the strength of the cuts; the number of cuts and basis points will definitely not be that aggressive. This liquidity will not bring about the widespread bull market we saw in 2021; mainstream capital will still choose to build on Bitcoin.
======================= Many people are concerned about whether there are still bulls in the alts market? Over the weekend, the performance of alts showed significant divergence, each following its own rhythm, which indicates that in the upcoming rebound, each alt has its own fate and path. In the short term, it is still difficult to see a broad rise in the market, making the selection of coins very critical at this time~
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🔥🔥Key points for selecting coins:
1. First choice: Bitcoin BTC
2. Secondly, Long Er Long San: ETH or SOL
3. Next, we have the alts submitting the ETF: ADA, DOGE, LTC, etc.
4. There is also the Trump family's crypto project token.
5. Next is the market hot coins, this rhythm needs to be fast, or else it is easy to get trapped.
🔥New coins and altcoins are not highly recommended; they peak right after launch.
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In terms of operations, focus mainly on altcoins on the right side, and there will definitely be opportunities on the chain. Regarding altcoins, I want to emphasize that if you have profited, you should consider finding an opportunity to exit, don’t be too greedy; this round of Bitcoin has covered the retreat of altcoins, and it’s not the first or second time. We can’t keep getting buried in the same pit, can we?
#trump# #alpaca# #sui# #eth# #btc#