Bitcoin has been climbing and is very close to its all-time high. At this stage, there are actually both risks and opportunities. Even if a pullback occurs later, it is unlikely to exceed 8000 points, which is less than 8% of the overall increase. In this case, the key is not to precisely find the bottom, but to have firm belief, follow the trend, and maintain expectations for new highs. When the price rises, the lows will naturally appear; if it falls, then so-called highs are only temporary resistance. At this time, the most important thing is to remain bullish and lock in future breakthroughs.
I recently reviewed some coins, and one of them has performed exceptionally well this year. It should have been on my watchlist, but I missed the opportunity because I didn't research it in depth in time. It is somewhat similar to certain coins I missed last year. At that time, I lacked the grasp of the main trading rules, such as the hard requirement of being listed on major exchanges, which led to insufficient assessment of it. After a quick observation, I confirmed that its fundamentals remain strong and it is a quality asset worth laying out this year. However, the trading depth of such coins is limited, making it difficult for large funds to enter easily; the scale of funds restricts the size of each operation.
There is another coin that previously broke through an important resistance level, which theoretically is a good signal to enter. I chose to wait for a better opportunity at that time, but the price has already risen quite high. The characteristic of this coin is that after a few days of consolidation, it will retest a key support level and then restart the upward trend. After understanding its trend logic, I can seize the opportunity for layout during future pullbacks.
Another meme coin derived from the Ethereum ecosystem has shown initial signs of trend reversal. It has gone through a wave of adjustment, and there may be deeper pullbacks in the short term; however, this kind of correction is actually healthy for future development. If it breaks below the recent key support, caution is advised. Currently, its performance still depends on the overall market environment.
Speaking of Ethereum, in the short term, its pullback space is expected to be limited, and it may hold the support around $2080. The trend of Ethereum directly affects the performance of many altcoins, and it is expected that there will be a few days of consolidation process, after which the market is likely to launch an attack again.
In summary, unless there is an unexpected major negative event, the market adjustment should be nearing its end within the next three days. Everyone can prepare to actively participate in the rebound opportunity after the consolidation ends.
Today's article ends here, welcome to come to the homepage and play together~
Investment involves risks, and the above content is a personal sharing, not investment advice!