In today's market, some people are making a fortune, while others are losing their shirts. BTC is dragging its feet around the 110,000 mark, but XRP and DOGE suddenly skyrocketed, and the AI and Meme sectors jumped directly by 3%! Is this wave of differentiation a last gasp of the bull market, or is the main force playing 'feint to the east, attack to the west'? After observing for a while, let me explain this to everyone.
First, let me drop a heavy opinion: BTC holding at 110,000 this time is not really a 'strong support'; it feels more like the main force is drawing a line. You see, it surged to $111,610 during the day but then stagnated, clearly testing the selling pressure above! If it truly wanted to break through, it should have charged past 112,000 or even 120,000 in one go; now it's stuck here and not moving, which looks more like a 'continuation of the downtrend.' I've seen too many of these 'false breakouts'; when retail investors chase after highs, they get smashed by a 10%!
As for ETH, this asset has been as weak as a frostbitten eggplant recently; it seems to have hit its limit around $4,300, now fluctuating between $4,200 and $4,300. The expert speculates that $4,200 is its 'life and death line.' If it breaks this level, it could go directly to $4,015, which would break the recent range! However, on the flip side, if it can stabilize and rebound here, it might catch a 'tailwind' from BTC. But I advise you not to rush to bottom fish; wait until it stabilizes above $4,300, otherwise, it's easy to become a 'bag holder.'
Let's talk about the 'difficult brothers' XRP and DOGE. XRP rose 2% today, looking decent, but the key is whether it can hold above $2.74. If it breaks this position, it could directly head to $2.5, and at that point, it will be too late to cry! DOGE is even more peculiar, bouncing around at $0.23, but the trading volume is pitifully low, clearly showing 'false enthusiasm.' I believe it will have difficulty breaking $0.24; if it can't get past, it could turn around in minutes, trapping those who chase the highs!
In terms of sectors, AI and Meme are leading today, and this wave of funds is clearly looking for a 'new story.' But don't be fooled by the apparent gains; it's better to focus on the leading projects for low entry rather than being a 'retail investor.'
Lastly, let’s talk about recent institutional movements for your reference. The number of whale addresses has hit a new high, looking like a 'bull market signal,' but don't forget, institutions are not philanthropists; they bottom fish to sell high! ETF inflows of $1.4 billion? That's them 'transferring from left hand to right hand,' and retail investors should not get overly excited.
The Fed's interest rate cut expectations are indeed a positive sign, with a 90% probability of a rate cut. Once liquidity eases, Bitcoin will definitely benefit first, but don't forget, if economic data exceeds expectations, the rate cut may be delayed, and the market will shake again!
BTC broke 110,000, ETH broke $4,300, both are 'breakout signals.' Once confirmed, the drop could exceed 10%! Altcoins are even riskier; for instance, WLD rose 13% in a single day, but the volatility is outrageous, and high-leverage players could face liquidation in minutes.
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