4.29 Cryptocurrency Market Analysis, New Cycle Ethereum Rebounds, Altcoins Diverge, Cut Losses When Necessary
A series of policies from Trump have triggered pessimistic sentiment in the global market.
However, the political landscape has now shown a mild shift, and market sentiment has improved somewhat. During this recovery, I noticed a detail.
This time, while Bitcoin is rebounding, the vast majority of altcoins are sluggish, indicating that the deep structure of the market is changing.
Bitcoin continued its bullish trend from the early morning, with a slow rise, constantly fluctuating around the 95000 level.
Cut losses when necessary, do not hesitate. This morning, the short-term Silk Road strategy continues with a bullish outlook, looking towards the 96000 level. After facing resistance, it will correct, and then consider entering a short position at around the 94000 level.
Ethereum has been fluctuating around 1800 this morning, with relatively small point movements. Considering its lagging nature, I will wait for the Bitcoin market to develop further before entering.
This is my analysis for everyone; the market changes rapidly, so be sure to protect your positions. If you want to know more, feel free to follow me.
