BTC continues to look bullish, wait for a pullback before entering a position! K-line pattern: - Recent K-lines show a continuous upward trend, especially a large bullish candle appeared between May 21 and May 22, indicating strong buying power. - The current price is oscillating at a high level, forming a slight pullback, but overall still in an upward channel.
Technical indicators: - MACD: The MACD histogram continues to expand, and the DIF line crosses above the DEA line, indicating the market is in a bullish trend. - RSI: The RSI value is close to the overbought range (above 70), but has not significantly retreated, showing a strong market. - EMA: Both short-term EMA7 and EMA30 are running upward and maintain a certain distance from EMA120, supporting the current upward trend. Trading volume: - On May 22, trading volume significantly increased, accompanied by a price rise, indicating positive capital inflow. - Recently, trading volume has decreased over several cycles, which may indicate that the market is entering a consolidation phase. Pattern: A clear trend line breakout, continue to look bullish! BTC clearing map update: The short-term liquidity concentration clearing area above is in the range of 114000-116000, mainly concentrated near 114000, with 116000 mainly preventing additional liquidity from entering at 114000!
If it goes up again, it will be near 125000! There isn’t really a short-term liquidity concentration below, so not many people would dare to chase long positions at this level! The recent net inflow data for Bitcoin spot ETF is quite encouraging, almost a net inflow of 1 billion dollars yesterday. Bitcoin gives me a feeling of an eternal bull market, and I feel that Bitcoin won't have a pullback of more than 30%. Please note, I am only talking about Bitcoin.
I still believe that without the Fed's easing, there won't be an altcoin season. Whenever Bitcoin has a small pullback, the altcoins will perform their altcoin rituals.
SUI, as the rising star of public chains, feels concerning after this hacker incident and its chaotic operations. With pseudo-decentralization, only ETH can shoulder the backbone of public chains. Go Ethereum! The 4H for Ethereum has not closed yet, and if we look in real-time, there is a phenomenon of resistance at the upper limit of the range. This is an opportunity to short against the trend, as it is indeed an ascending channel. The stop-loss timing is when the price breaks through this range. The target can be set at the mid and lower bands of the channel.
Sui had an incident, how did Aptos go up instead?? However, one has a market cap of 38.9 billion and the other 6.8 billion. Both are part of the Move series, making them susceptible to speculation. Currently, Aptos hasn't been supported by Binance Alpha, so should we trust Aptos once more??
How can one operate in the crypto circle to make big money now?
Current hot money is mainly concentrated in BTC, ETH, SOL, and their leading meme coins. A prudent strategy is to invest in these three core coins and their leading meme coins. In comparison, other altcoins may have larger fluctuations but are often aimed at attracting retail investors. Therefore, caution is advised.
Taking Pepe as an example, the price has increased by 20% from yesterday, surpassing Bitcoin's 5% increase. I think this is a good profit, and I plan to sell at a high price. But remember, this is just the beginning. If Bitcoin can break through the current price level again, then tokens like Pepe and Sol still have a chance to continue their upward adjustment, and Pepe's upward adjustment can usually reach more than three times Bitcoin's increase.
So I won't bother to guess Bitcoin's trend to avoid getting stuck at high levels. As long as Bitcoin breaks through, I will choose to invest in those smaller coins with potential for upward adjustment, which can yield greater gains and reduce risks.
