#BTC交易
5.10 Weekend Morning Market Overview: $BTC Is Bitcoin Stagnating While Altcoins Rally?
Bitcoin just formed a high position doji at 8 AM, mainly ranging over the weekend.
Bitcoin's market share has risen to 62.6%, Ethereum has increased by 8.6%. Although some public chain tokens and altcoins have seen a rally, BTC's market share is still gradually increasing. Perhaps we will experience a one-sided bull market for BTC similar to the end of last year.
After Bitcoin's surge the day before yesterday, it is currently finding support and resistance. Today, Bitcoin seems to be starting to fluctuate in the range of 102345-103746; since today is the weekend with insufficient liquidity and the US stock market is closed, I personally recommend staying out of the market and observing, while also watching Bitcoin consolidate its support and resistance levels.
As of now, 24H saw 204,357 people liquidated across the network, with a liquidation amount of 642 million USD, long positions at 295 million and short positions at 347 million;
Current data shows that yesterday Bitcoin's spot ETF saw a net outflow of 337 coins, which is not significant.
Today the fear index is 71, and greed is still relatively okay; just this morning around 8 AM, various altcoins experienced a spike. If you had positioned to reduce holdings, congratulations, I also partially reduced my spot positions; the only one I didn't reduce is BNB, because you know, one fish feeds four.
If you believe this wave of market confirms a reversal, then continue holding; if you think it's a rebound after a drop and should reduce holdings, then do so, as everyone can only earn wealth within their understanding; short-term reduce holdings while continuing to hold long-term, waiting for interest rate cuts and a major bull peak.
Friends passing by, please give a follow and a like for the greatest support, thank you! The above information is for market analysis only and not trading strategy; follow me to stay informed every day with the latest news and point analysis, as well as the wealth code you desire. Don't forget to like and follow!
