After a week of fluctuations, the market has calmed down during a weekend that lacks liquidity. The overall market has hardly moved, but during this stabilization period, some altcoins have shown signs of activity. Last week, it was suggested to position in the fan sector, and there are already signs of a rebound. Regardless of price movements, do not sell off your holdings, manage your positions carefully, and ensure you have funds ready before next year's World Cup; this is a relatively safe investment.
Currently, the slight fluctuation range of Bitcoin is only 200 points, between 88100 and 88400, leaving little room for operation. From a trend perspective, Bitcoin is still in a downtrend, with the first resistance for a rebound near the 90000 mark. A pullback after the rebound will present an entry opportunity, and there are currently no signs of a major correction, so shorting should be approached with caution.
Ethereum's fluctuation range is between 2970 and 2990, also showing a slight fluctuation trend, currently reflecting a correction trend similar to Bitcoin. The first resistance for the rebound is around 3050, with support below near 2920. If it stabilizes above this position, there shouldn't be a significant pullback.
Last week, some eager friends managed to buy ASTER around 0.68 and are currently in profit. It is recommended to secure profits in the short term and hold long-term for opportunities to increase positions.
Recently, PIPPIN has become very popular. Everyone should avoid engaging with it, regardless of bullish or bearish sentiment, as the risks are substantial. I mentioned before that these price hikes and consolidations are meant to collect hefty fees. It charges every hour, and shorting will cost you 24 units of loss daily. The final profit from shorting might not even cover the fees. Once the main force closes long positions, recovering capital could be a distant prospect. The end result will either be cutting losses or liquidation, so stay away.
