Performance of mainstream coins and altcoins
- Bitcoin and altcoins are currently decoupling, and altcoins no longer closely follow Bitcoin when it rises or falls. Many old altcoins (such as $XRP , ADA, HBAR, CRV, IOTA, etc.) have begun to emerge. This stage is similar to "bleeding". Bitcoin is consolidating at a high level, and some liquidity is flowing to the second-largest Ethereum and altcoins.
Focus and opportunity identification
- Bitcoin is currently at a high position, but you can consider going long on a pullback because there is strong support and the micro-strategy has a cost reference. At the same time, Ethereum is attracting attention. Last Friday, the inflow of its binary exchange-traded open-end index fund (ETF) exceeded the inflow of Bitcoin ETF. Given the high price of Bitcoin and the participation of major institutions, Ethereum and the altcoins driven by it are more worthy of attention, and altcoins are expected to launch ETFs next year, with Solona SOL being the most promising.
Position management and market tracking
- Emphasize position control and management, whether it is spot or other forms of investment, to maintain orderly operations. It is recommended to pay attention to the latest data in the cryptocurrency circle every day, especially to focus on the movement of Ethereum funds.
Bitcoin market analysis
- From the K-line, Bitcoin is on the rise at the 1-hour and 4-hour levels, and has stopped falling and moved upward at the 12-hour level, but it is sideways at the daily level and the trend is weak. The intraday pressure level is $98,500 and the support level is $94,300.
I am optimistic about the currencies that have just started to rise sharply, as shown in the following figure
