$BTC broke through the pressure zone of sideways trading yesterday, pulled back a bit, and then rebounded by over 1500 points. Unfortunately, the rebound did not exceed the previous high of 87500 and fell back into last week's trading range. Currently, it is consolidating at a high range, and after the pullback, is this a false breakout or a false breakdown? In terms of trends: the small level is operating in the high range of 84000-84800, pay attention to whether it can break through and stabilize at the key position of 85300. If it breaks through again, a wave of upward momentum can be expected, after all, the recent market has been too sluggish and needs a pump to stimulate it! At the same time, pay attention to the short-term support level of 82500-83000, and the weekend is coming again, so there will be more sideways movement!
$ETH started to pull back after a short-term price increase. The low point touched the upper edge of the range, which is also where the pressure line turns into support, indicating strong support. I plan to take a short position here, and if it holds this position, it is expected to continue rebounding upwards. You can directly buy a long position around the current price of 1985u.
Secondary market:
In the current market, Meme remains the hottest track, with a profit effect far exceeding traditional secondary markets, attracting a large influx of users.
BSC is the core of this craze, and its popularity stems not only from ecological vitality but also from the personal endorsement of CZ and the first sister, driving the continuous rise of BSC's heat.
Compared to public chains like SOL and ETH, which have recently lacked impressive performance, BSC has seized the opportunity, leading in ecosystem activity.
CZ is fully committed to making BSC bigger and stronger, which not only benefits the value growth of BNB but is also of great strategic significance for BN. Backed by BN, BSC has huge advantages in brand, users, and capital, with enormous potential.
CZ's latest tweet hints that strong projects are about to emerge.
For example, the recently launched BMT, as an infrastructure project, quickly gained BN support, which is precisely the ecological empowering project CZ expects.
In terms of altcoins, focus on game sector projects like GALA, YGG, MANA, AGLD, as well as public chain project S.
With the market warming up, altcoins are expected to see a rebound.
It is recommended to layout reasonably, hold good chips, and wait for market rotation opportunities.
Sweet girl recommends the wealth coins that have shown good growth recently:
PancakeSwap/$CAKE
Market cap: $705 million
24-hour trading volume: $283 million
Although CAKE's price is at a high level, there are signs of a stop in the small level. Additionally, the BSC ecosystem is the hottest, and with CZ's continuous development, strong projects may emerge in the short term.
Thus, CAKE will also benefit significantly, so you can bet on a second rise near the current price of 2.39U, with a small stop loss set at 2.3U, which is also a recent low point. Look for new highs above; the cost-performance is quite good.
$PENDLE
Market cap: $404 million
24-hour trading volume: $70.1070 million
Pendle promotes more institutional liquidity on-chain through yield tokenization, with its TVL increasing from $230 million to $4.4 billion between 2023 and 2024, primarily driven by the rising demand for re-staking.
Pendle allows users to trade, hedge, or lock in future earnings independently by splitting principal tokens (PT) and yield tokens (YT). Pendle plans to expand to non-EVM ecosystems like Solana and TON in the coming months.
Recent good news is concentrated in strategic upgrades (V2, multi-market expansion), product innovations (high-yield pools, hedging tools), and ecological cooperation (Sonic public chain, community openness), combined with its leading position in the DeFi fixed income field, providing long-term growth support for the token.
Alchemy Pay/$ACH
Market cap: $128 million
24-hour trading volume: $97.4589 million
ACH has shown an upward trend after breaking through, with a support level around 0.023 and a resistance level around 0.026.
RSI recently reached overbought levels and is currently retreating, while MACD shows bullish momentum.
Consider a pullback to 0.0245, with a stop loss at 0.023, aiming for higher levels.
Pay attention to the trading volume confirmation for any further breakout.