Bitcoin is still undergoing adjustments, but the downside space is limited. The market is currently digesting the conflict between Israel and Iran, and once that is digested, the market will resume its upward trend. The stablecoin bill has passed without any suspense, and the next step is the large-scale issuance of stablecoins by legitimate institutions flowing onto the chain, which will ensure ample liquidity. This will also stimulate new narratives, so maintain patience and confidence. The bottom probing requires a process, just like the oscillating adjustment mode from March to October last year, which only truly initiated in November. So everyone, please be patient. The altcoin market follows the major market downturn, but the DeFi and RWA sectors are still doing well, with leading projects showing strong resilience. Once the market stabilizes, these leaders will be the first to surge significantly.
After ALT was listed on Upbit with the KRW pair, the project direction injected 200 million tokens into Binance, enhancing the capital flow. ALT is looking to form a rounded bottom, with the price breaking through the upper boundary of the recent downward channel. If it goes as expected, a new high may be achieved. The only downside is that today’s increase was a bit excessive; if it rises, manage your position well. You can initially enter a position and add at 0.0362, with a stop-loss at 0.0351.
RSR
Wall Street has high credibility; the owner comes from PayPal, which is comparable to Alipay abroad, and the owner has co-founded companies with Musk. The fundamental data is outstanding, making it a very worthwhile investment, similar to HBAR or ALGO levels. RSR has rebounded at the support level on the edge of a symmetrical triangle. After breaking through, the mid-term upward space could reach 100-120%.
POLYX
RWA public chain, Canada, non-Wall Street insiders, fast-paced operations, with less fundamental data available. Positive news may benefit RWA projects. You can accumulate positions in batches at the current price. Currently, POLYX is rebounding at the support level, with expectations to rise to 0.20, a 20% increase.
ETH
The ETH small level will at least have a wave of rebound, as the price has reached a very strong support line. Basically, every time it touches this line, it will collect and rebound, so this wave is no exception. After the short-term price touches it again, it will collect and rebound. Next, pay attention to the upper resistance line at 2580u. I predict that the short-term price will directly start to rebound. After rebounding from the upper resistance line, it will begin a second retest, probably around 2480u. If it chooses to directly retest downwards, I will consider increasing my position. In short, it will either directly start to rebound or retest around 2480u before accelerating the rebound. Overall, the probability of a short-term rise remains high, temporarily targeting 2580u.
That's all for today’s article. In the upcoming bull market, I will guide everyone to aim for the wealth opportunities in altcoins.