BTC: Yesterday, after touching the recent bottom near 91000, a rebound occurred, just reaching the bottom position of the weekend high range around 97000.
From the daily chart perspective, yesterday formed a large bullish candle, but there was a pullback after a spike in the early hours. It currently shows a long upper shadow and a bearish candle. The daily chart has recently exhibited a small bearish trend, with the important defense line needing close attention around 91500.
On the 4-hour chart, the overall trend shows a downward oscillation. The range formed over the weekend is between 97200 - 98500, with obvious selling pressure in this range, indicating strong resistance. Currently, the 4-hour trend has begun to turn downward.
In intraday trading, it is essential to focus on the pressure at the upper level of 96600 - 97600 to observe the pullback situation, while the focus below should be on the support defense at 92000 - 91000.
ETH: Under the influence of some positive factors yesterday, Ethereum rose steadily after repeatedly touching the recent bottom near 3280. On the daily chart, yesterday formed a large bullish candle with an increase of 8%. It continued to rise in the morning but stalled near the Fibonacci 78.6% retracement level at 3663, currently showing a small bullish candle with a long upper shadow.
From the 4-hour chart perspective, a large bullish candle has engulfed the previous bullish candles. The first support point below is around 3520. In intraday operations, attention should focus on the support at 3440 - 3480 below, while resistance at 3640 - 3670 above should also be noted.
Altcoins: Yesterday, the Belt and Road initiative was publicly mentioned on Weibo, capturing the surge of the leading lending token AAVE and benefiting the same sector's MKR, which saw a maximum increase of over 6%. Recently, one should focus on Ethereum staking and sectors like AI intelligence and gaming that have shown slight positive developments.
The leading token in the staking sector, LDO, saw an increase of 15% yesterday, with a weekly increase of 30%. The same sector's SSV has recently performed strongly, but there is significant selling pressure around 35.
The leading artificial intelligence token FET has been showing relatively weak performance, and there is a need to wait for an opportunity to capture a rebound.
In the gaming sector, SAND saw a threefold increase a few days ago. After experiencing significant pullbacks in the last two days, it is now entering a phase of consolidation, anticipating the next wave of substantial rises.
Primary research report: Recent enthusiasm has decreased, with ongoing weakening of the on-chain heat for Sonala, leading to low morale. ACT continues to consolidate, with its total market cap of 700 million having fallen to 400 million, as the market cap bubble continues to be digested. It is advisable to wait for a pullback to around 300 million to make a move.
GOAT is temporarily excluded. Pnut currently has a market cap of 1 billion USD and is still digesting the bubble; further waiting for a pullback is advised.
Recent fluctuations have been significant, and the primary market has a high level of timeliness. Today's hotspots are being digested quickly, and there are no new concept ecosystems. Please do not act impulsively for now; wait for the right opportunity. #山寨币走势展望 #BSC生态活力释放 #市场回暖新机遇
