Bitcoin: New highs are just around the corner, but this breakthrough feels a bit hollow
Bitcoin touched $108,000 today, just a step away from its historical high. However, this rise is clearly sluggish, with a soft trend that lacks decisiveness. The $107,000 level has been contested several times, with both bulls and bears locked in a fierce battle, unwilling to concede.
My judgment is clear:
Even if there’s a short-term new high, it’s highly likely to be a false rally! There could be a sudden reversal, leading to a plunge that buries all the bulls who chased the highs. Tonight’s trend is crucial; if $107,000 cannot hold, be prepared to retreat quickly.
Ethereum: If it can’t even push past $2600, don’t expect a major move
Ethereum is currently unable to touch $2600, let alone challenge the strong resistance zone of $2800-3000. This rebound clearly lacks momentum; trying to break through? Difficult!
Altcoins: The stablecoin sector suddenly shows promise
Recently, the news about the "Stablecoin Act" has caused some market excitement, especially for projects related to stablecoins and RWA (real-world assets). The South Korean exchange UPBIT has already listed OM and is reportedly planning to launch a KRW stablecoin, which is an important signal for compliance.
These projects are worth keeping an eye on:
ONDO (working with RWA)
CFG (compliance direction)
USUAL
RSR
These assets may take advantage of favorable policies, but remember—altcoins are more volatile, so don’t go all in!
Summary:
The risk of a false breakout in Bitcoin is very high, don’t rush to chase
Ethereum shows clear weakness; if it can’t get past $2600, don’t fantasize
Within altcoins, concepts of stablecoins/RWA might have short-term opportunities, enter and exit quickly, don’t linger
The market is currently in a sensitive period; it’s better to miss out than to make a mistake!
Are you stuck? When to bottom fish? As always, if you feel lost and helpless, comment by clicking on the profile picture. I need fans, you need references
Intraday: ETH BTC AAVE
