$BCH This morning's rally was seen by everyone. First of all, this wave of fluctuations is similar to several positive news events.
Firstly, the market is buzzing about Bitcoin's halving next month, and many funds have preemptively positioned themselves in mainstream coins like BCH, as historically, prices have risen several times after halving.
Secondly, the BCH team has just upgraded the trading system, which can now handle thousands of transactions per second, and the transaction fees are particularly low. Many merchants are starting to use it for cross-border payments, so as more people use it, naturally, there are buyers eager to purchase.
Lastly, the Hong Kong Stock Exchange today listed a new virtual currency ETF, which has fueled the entire crypto market, with BCH benefiting directly as a well-established coin.
The increase in trading volume indicates that large funds are entering the market, and there may be short-term surges. However, it is important to note that on-chain activity is still not high, and after a surge, there may be a correction, so avoid chasing prices too aggressively.
If you enter the market in this kind of volatile situation and get stuck without a clear entry point, you might as well follow @永哥区块 , bulls have their strategies, bears have their views, and together with Yong Ge, become the ultimate winner.
Focus for the day: OM SUI SOL FUN BTC
