Bitcoin received effective support around 110,000. At the same time, we see funds flowing back into the Bitcoin spot ETF market, which are all effective signals.
As long as it does not fall below the 110,000 level on the 4-hour chart, it will re-enter the upward mode. If it falls below 110,000, then there is no hope in the short term, and it will need to adjust for a while.
The altcoin market continues to weaken alongside adjustments in Bitcoin and Ethereum. The DeFi sector and meme sector are both relatively weak. If ETH re-enters the upward mode, these quality assets will have a chance; Ethereum generates everything.
SOL
It is relatively strong. From the weekly level, the K-line has risen for four consecutive days, gradually showing bottom characteristics. Its MACD indicator is also gradually strengthening, indicating that there is still room for further upward movement. It will aim to challenge the 220 resistance level, forming a large W bottom pattern on the weekly chart.
AVAX
After the death cross of AVAX, the bottom has been completed, forming a double bottom pattern. Currently, it is in the middle of the daily double tunnel. Such a trend will see a big market move followed by fluctuations. The subsequent golden cross of the tunnel will lead to a gradual surge, and that’s how the tunnel trend works. The cloud chart is at the monthly level bottom, and if a monthly level surge happens, it can be referenced against Ethereum’s subsequent trend.
CORE
L1 + EVM + BTC hash power staking, the team background is good, the initial wash was thorough, three bottoms were formed, and each rebound was strong. It is currently at a strong bottom, and the support at this position is relatively strong in the short term. If a bull market comes later, this coin still has the potential for 3-5 times growth.
PENGU
SOL is rising in a subtle manner. Pay attention to PENGU; its structure is also good with clear stop-loss. In the upcoming market, Pengu's position is equivalent to that of the Bored Apes. The operating team behind it consists of professionals who are skilled in marketing and market-making. Their resources include the only top-tier IP with an ETF and the lowest market cap among tokens.
