Wealth leads to death; birds die for food.
Currently, BTC is still hovering around 94,000 after continuous increases, struggling to break through, raising market concerns about a short-term correction. The MACD has formed a death cross, and K-line has weakened, indicating that this week's trend will mainly be a downward fluctuation, with a technical demand for 'spike'. Short-term support is at 89,000 dollars, and resistance is at 98,000 dollars.
It is suggested to short near 95,200, with a stop loss at 96,000 and a target around 93,800. The long-term trend is still upward, and in the medium to long term, remain bullish; after a correction, consider entering the spot market. Pay attention to risks and do not chase highs.
After discussing Bitcoin, let's take a look at Ethereum. Recently, there have been rumors of 'ETH changing hands' in the market, but from the current situation, it can be basically confirmed that there are no signs of a change. If large-cap assets like ETH and BTC really have whales taking over, it would inevitably be accompanied by a bottom accumulation structure and a noticeable increase in active buying, which is currently not present in the market.
Unlike small-cap altcoins that quietly change hands through OTC, if ETH changes hands, it must go through the secondary market, which will inevitably create a huge movement. Therefore, there is no need to rush to bottom fish; wait for a clear accumulation structure to appear before deciding to enter, as there are still many opportunities, and stability should come first.
Will the altcoin season come again?
Historical data shows that whenever Bitcoin's market share peaks and falls, altcoins often experience a rotation trend. However, current data indicates that only about 17% of altcoins have outperformed BTC over the past 90 days, and rotation has not yet taken shape. If Bitcoin's market share is blocked in the 65%-71% range, and accompanied by rising retail sentiment and the emergence of new narratives, the altcoin season may be expected to restart. Continuous attention should be paid to market share trends and on-chain heat signals.
If you want to make a guaranteed profit, focus on these types:
The undervalued coins like LINK and AAVE, which have strong ecological self-sustainability, even if their prices temporarily decline, have the potential for value recovery and price rebound in the long run.
Stablecoin sectors like ENA and CRV, with their excellent anti-decline characteristics, are expected to become market leaders this year.
Emerging tokens with ample funding often achieve rapid price increases during market recoveries due to their liquidity and development potential.
Beware of 'infinite printing machines' and stay away from inflationary coins.
DOT increases its supply by 10% each year, and the FIL storage miner reward pool expands infinitely, similar to your money in the bank automatically shrinking every year. DOT's circulation increased from 100 million to 1.3 billion in 3 years, meaning the price must rise 13 times to break even. Project teams use newly issued coins to cash out, and the FIL team unlocks 2 million coins every month, a typical method used by whales to exploit retail investors.
In contrast, LINK has a fixed total supply of 1 billion, and AAVE has an annual deflation rate of 2.3%, making them true hard currencies.
Currently, the market is quiet, with low trading volumes and lack of confidence from retail investors, even major exchanges are worried. But remember, opportunities emerge from declines! Be patient, the next wave of opportunities will come soon!
Finally, don't forget to follow! Let's achieve financial freedom together in this bull market, okay!
