The Bitcoin just finished milking in the morning and is gaining strength, a big surge is on the way!
At noon, it touched 118829 and took off directly!
Strategist Market Analysis: (Issue 230) Bitcoin is gaining strength, a massive surge is on the way!!
In the past couple of days, Bitcoin has been consolidating, and many brothers feel that BTC is failing!
Let's take a look at what reasons have led to the recent lack of significant fluctuations!
Looking at the first chart, the problem becomes clear!
Due to the overall bull market, Bitcoin's market share has started to decline, and altcoins have begun to make moves, eating into BTC's trading volume!
Market manipulators only need a few waves of people; everyone is smart enough to avoid the sharp edges!
Market funds have been diverted to ETH and other mainstream coins, especially with the Ethereum ETF siphoning off funds from the Bitcoin ETF; this is a short-term phenomenon!
ETH is expected to surge to around 5100 before starting to pull back, as there are several hundred million units of short liquidation prices there; I believe this wave is headed there!
After this wave of ETH excitement passes, the funds that flowed into ETH will return to BTC!
PENDLE has a trading volume of 40 billion, but I don't know if it's real, ranking third!
You can keep an eye on it; the trading volume is not scientific, with a market cap of 500 million!
SOL has held strong for so long and has finally started to explode!
Every coin has its own spring; learn to hold firm!
When is the right time to buy Bitcoin:
I recommend two positions: 118900/116500
In the past couple of days, Bitcoin has been consolidating, and many brothers feel that BTC is failing!
Let's take a look at what reasons have led to the recent lack of significant fluctuations!
Looking at the first chart, the problem becomes clear!
Due to the overall bull market, Bitcoin's market share has started to decline, and altcoins have begun to make moves, eating into BTC's trading volume!
Market manipulators only need a few waves of people; everyone is smart enough to avoid the sharp edges!
Market funds have been diverted to ETH and other mainstream coins, especially with the Ethereum ETF siphoning off funds from the Bitcoin ETF; this is a short-term phenomenon!
ETH is expected to surge to around 5100 before starting to pull back, as there are several hundred million units of short liquidation prices there; I believe this wave is headed there!
After this wave of ETH excitement passes, the funds that flowed into ETH will return to BTC!
PENDLE has a trading volume of 40 billion, but I don't know if it's real, ranking third!
You can keep an eye on it; the trading volume is not scientific, with a market cap of 500 million!
SOL has held strong for so long and has finally started to explode!
Every coin has its own spring; learn to hold firm!
When is the right time to buy Bitcoin:
I recommend two positions: 118900/116500
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
120,532
+0.77%
ETH
4,636.67
+4.77%
PENDLE
5.551
-1.28%