The shark pattern for BTC on 25/05/10 is about to complete, ETH is strongly catching up to 2500, and the altcoins are still continuing their rebound from being oversold.
The price of the big pie has broken through to 104373, very close to the shark pattern that the gentleman mentioned looking towards 106000. Currently, the market is very FOMO; Ethereum is advised to catch up and look towards 2300, rebounding to 2500 in two days. Ethereum has risen over 20% in a single day, with strength close to the explosive period in early 2021.
The logic of the big pie—Ethereum—Altcoins—MEME that has been said for a few years still seems applicable, so there’s no need to say much more as everyone knows it. The gentleman has never been much into FOMO; while everyone says we are entering a bear market, he has consistently insisted that the bull market is still on, so even if it rises back to over 100,000, he will not FOMO, just buy on the dips.
Big Pie
Strongly broke through 100000 to 104347, with only 6000 points away from the previous high. It has also entered a heavy pressure zone, and it is not recommended to chase the rise; just buy on the dips, specifically considering points 92000—95000.
The weekly MACD has crossed the zero axis, and there are signs of crossover between the fast and slow lines. The upper Bollinger Band on the weekly chart is around 106000, and the shark pattern on the daily chart is near 0.886. From a weekly perspective, there is a possibility of touching the previous high.
Support: 92000—95000—97600
Resistance: 106000—110000
Ethereum
In three days, it has surged by 40%. After a 13-day consolidation, we can only look bullish. The logic of the big pie—Ethereum—Altcoins—MEME is that the daily rebound is below 0.382; 2550 is also the previous large bearish engulfing pattern, with resistance at 2856.
Support: 2100—2300
Resistance: 2550—2856
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