Bitcoin has regained the 120,000 USD mark, continuing its upward attack on the new high at the position of 123,200 yesterday on the 4-hour level. The market continues to speculate on interest rate cuts, and it was unexpected to reach ATH so quickly.
ETH is also nearing its historical ATH, and subsequently, major public chains such as SOL and SUI will see catch-up gains, including related ecosystems, which can be a focus. If you've been following my articles, you should know that I've been talking about the market in the third and fourth quarters, this is the bull market, and it’s crucial to seize the opportunity.
ADA
On-chain data shows that large holders are not only not selling but are also increasing their holdings. Back to the trading scene, every time it drops below 0.6, there is a rebound, indicating that there is capital supporting this position. This support at this position is easy to understand; large holders do not want the price to drop, indicating they do not want to trigger selling due to a price decline, which suggests that there will definitely be movements later. This is also an excellent buying opportunity after the sharp drop! These 4 altcoins are about to enter a surging mode! The recommended reasons for the entry point at that time are based on the follow-up; if ADA can remain steady above 0.8, reaching 1.2 should not be a big problem!
BCH
From the weekly perspective, BCH's candlestick has risen with two consecutive bullish candles, and the overall pattern shows a V-shaped bottom reversal. The trading volume is also expanding, and its MACD has returned above the zero line and is rising, indicating further upward potential, aiming to challenge the 700 resistance level and set a new recent high.
BGB
BGB is currently above the upper track of the 3-day moving average, ready to take off. BGB has been adjusting since the high point in December last year and has been consolidating for 8 months. Instead of speculating on incomprehensible memes, it's better to look at valuable stable platform coins. BGB recommended entry points are 4.4, 4.57, 4.78.
OP
The OP coin has received another piece of good news, as Coinbase collaborates with Optimism to launch the L2 network Base and will return part of the transaction fee revenue to the OP treasury. OPtimism is the first Ethereum L2, leading the development of EVM-compatible OPtimistic Rollup solutions, capable of processing transactions on a large scale while maintaining the security of Ethereum.
L2 leader, OP has formed a head and shoulders bottom pattern on the weekly level and has broken through the long-term downtrend line, indicating that the trend is about to change. The left side of the long-term downtrend line represents a downtrend, while the right side running along the downtrend line indicates an uptrend, with an expected increase of 1.6, nearing double the returns.
