Bitcoin reached a peak of around $108,000 today, just a step away from a new high, but this rise feels a bit sluggish, and the overall momentum isn't strong. Previously, the market had been divided around $107,000, and this position is definitely a key point for a fierce battle between bulls and bears. Right now, both sides are still "fighting fiercely" there; whether it can truly break through and stabilize might have to wait until tonight for some results.
I still hold the previous view: even if Bitcoin truly sets a new high in the short term, there’s a high probability it could be a “false alarm,” and later it will likely experience a drop that “cleans out” the bulls.
Looking at Ethereum, it hasn’t touched $2,600 yet, and anything above $2,600 has been a strong resistance. I think it will be quite difficult for it to steadily break through $2,800 or even $3,000 in the short term.
As for altcoins, recently boosted by news of the “stablecoin bill,” projects related to stablecoins or RWA (real-world asset mapping) have received some minor positive news. For instance, UPBIT launched $OM , and South Korea is pushing for the issuance of a won stablecoin, which is the first step towards compliance. Next, we can focus on projects in this direction, such as $ONDO , CFG, $USUAL , RSR, etc., which may present good opportunities.
Having been through the rain, I want to give a helping hand to the newcomers entering the market, to help everyone avoid the biggest risks!!!
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