During the trading process in the day, the market first experienced a wave of pullback, with prices falling all the way to a low of 101211. Just when the market sentiment seemed slightly pessimistic, the situation suddenly reversed, and the bullish forces began to accumulate and make an effort, forming a strong upward trend that surged directly to a high of 106000, a rapid increase that drew attention. The price temporarily stabilized around 104000, and the overall performance of the altcoin was characterized by range oscillation, with the forces of both bulls and bears relatively balanced. By evening, the altcoin and Bitcoin simultaneously welcomed a turning point. Driven by Bitcoin's rise, the altcoin also experienced a significant surge, with prices climbing to a high of 3286, breaking the previous oscillation pattern.
From the 12H to daily chart perspective, it can be observed that the K-line is still operating within the range formed by the pin on the 20th. Within this range, the trend is relatively stable, without presenting particularly striking highlights or breakthroughs. In terms of the moving average system, there are several medium to long-term supports below. This pattern provides a solid foundation for the market, as every time the price pulls back, it offers bold low-buy opportunities. Next, let's look at the range from 1H to 4H. After the price bounced back to the long-to-short support level, signs of bottom building appeared. However, it should be noted that there are still some trapped positions within the smaller timeframe. This acts like a potential resistance in the market, which may have some impact on the further rise of prices. In this case, for short-term operations, if the price rises first, one should choose to take profits and exit. Because a new rising segment needs to wait for the 1H to break through the bottom building before it can truly form.
Bitcoin: around 102500 can be bought, short-term target 106000
Altcoin: around 3180-3220 can be bought, short-term target 3350