Bitcoin (BTC):
Last night, Bitcoin showed a certain upward trend, and the price stabilized above the key support level. In terms of technical indicators, MACD showed a bullish signal, and RSI was close to the neutral area, but slightly biased towards the overbought state. If market sentiment remains optimistic and there is no major negative news, Bitcoin may continue to rise in the next 5 hours, and the target price area may be between $100 and $200 above the current price. However, be wary of the risk of a pullback when approaching the pressure level.
Ethereum (ETH):
Ethereum's performance last night was similar to Bitcoin's, maintaining relatively strong upward momentum. The current price is close to the key resistance level. If it can break through this resistance level, it will likely rise further. MACD and RSI also show upward momentum, but there is also a certain risk of a pullback. Overall, Ethereum may continue to rise in the next 5 hours, but the amplitude may be small, and attention should be paid to its performance near the key resistance level.
Potential altcoin recommendations
Considering the recent market volatility and fund flows, the following altcoins may have some potential:
1. Solana (SOL): SOL has performed well, especially amid strong developments in the decentralized finance (DeFi) and NFT sectors. As the ecosystem expands, SOL is expected to continue to attract capital inflows.
2. Avalanche (AVAX): AVAX has significant advantages in scalability and speed, and more and more projects are being built on its platform, which gives it upside potential in the coming period.
3. Polygon (MATIC): As the Ethereum network’s expansion needs increase, MATIC’s importance as a Layer 2 solution is becoming increasingly prominent. Recent integrations and collaborations have also provided momentum for its price to rise.
4. Chainlink (LINK): As a blockchain oracle, LINK plays a key role in the DeFi ecosystem. As smart contracts become more popular, the demand for LINK is expected to increase.
5. Algorand (ALGO): ALGO excels in providing an efficient and low-cost trading platform. Its technological advantages and growing ecosystem make it a project worth paying attention to.
These altcoins may perform well in the future, but you need to consider the volatility of the market and do a good job of risk management before investing. #BTC☀ #ETH🔥🔥🔥🔥