Since April 20th, the changes in the BTC market have been quite noticeable.
At the beginning, the price range of 83 - 85 accumulated over 1.3 million BTC, which is a solid accumulation area.
But now, there are significantly fewer chips in this area, with a large number of chips moving to around 93, 100, and 92,000. The chips at 93 and 100 have increased from 260,000 to 620,000, clearly indicating a transfer of chips from low prices to high prices.
Looking at investors, trend buyers are not as active anymore. Previously steadfast holders have even started selling, and only new entrants are still buying, resulting in a notable decrease in market momentum.
Additionally, the ongoing issues between China and the US have remained unresolved. While US stocks have risen, BTC has not followed suit, beginning to consolidate.
Currently, 96,400 is a barrier above BTC, and there is support at 92,000, but it has been unable to break through 94,000.
Unless there is some significant news stimulus, it is expected to fluctuate around the range of 92,000 - 94,000. It all depends on whether the GDP and PCE data on the 30th can bring a turnaround.
Amidst a chorus of doubts, altcoins have experienced a broad rally, even in the absence of significant gains in $BTC .
Which tokens in your portfolio have risen the most during this rebound?
Remember, during the consolidation period, focus on strong coins—strong coins perform better during the oversold rebound phase. Strength means funds are still present, emotions are still alive, and there will be more continuity in the future.
Conversely, those silent altcoins are likely not being played by the whales, existing in a state of abandonment or temporary abandonment, giving up on treatment.
It's time to focus on three chains now.
$SOLANA
Recently, there have been many quick transactions, but essentially after going to Moonshot, it has peaked. It's not just about the narrative but purely about the whales, but caution is needed when chasing highs.
$BNBCHAIN
Although it has been a long time since a project has come out after the presale, who knows when the golden dog will arrive. When bnbchain returns, I hope it moves away from CZ's playstyle.
$SUI
The increase is quite good, and many funds are looking for projects to invest in. Besides two loans, the previous ones are basically not performing well. I found a few AIs on SUI, but no one is discussing them yet, and they haven't had TGE, so I'm waiting for a bit.
Hehe recommends the relatively good-performing wealth coins recently:
SUI has performed strongly. Among this wave of altcoins, SUI has shown exceptional returns, rising from 2.3 to 3.5, yielding a 40% profit.
From the weekly level perspective, it is one of the stronger public chains recently, aside from Bitcoin, with a significant bullish candlestick breaking through MA30 and returning to an upward channel.
The MACD also shows signs of contraction and turning, indicating that the market is starting to reverse. In the future, it will continue to challenge the 3.6 resistance level. If it can pull back to around 3 or below in the short term, it would be a good opportunity to accumulate spot positions in batches and cherish the last chance to get on board.
If a major bull market really arrives, SUI will undoubtedly be the most remarkable public chain this time!
Moreover, he truly has money, with financing exceeding $300 million!
$NEAR: NEAR Protocol
After breaking 2.18, there was an increase on the daily level, and it provided another opportunity to enter at 2.18, with about 20% upside potential.
If the volume continues to increase, the target for NEAR can be set around 2.78. This wave of $NEAR has certainly lived up to everyone's expectations.
$PEPE
You can buy near 0.083 and 0.07, and consider selling at 0.09-0.1. Precision is key, just like a barber.
