April 22nd, Is the gaming sector booming? Are there still other altcoins to buy?
Yesterday's Review
BTC: Lowest point yesterday was 85100, highest point was 88418, fluctuation 3318, amplitude 3.9%
ETH: Lowest point yesterday was 1560, highest point was 1658, fluctuation 97, amplitude 5.9%
Today's Analysis
BTC:
Bitcoin's current price is 88000, the trend is relatively strong, consistent with predictions. After falling back to the support around 86500 yesterday, it started to rebound, and the high point has reached the resistance around 89000 given yesterday. Overall, it is oscillating upward. 89000 is a strong resistance level this month. After breaking through again, the next target is 92000!
BTC Resistance: 92000
BTC Support: 87000
ETH:
Ethereum's current price is 1575, recently affected by a large sell-off from Galaxy Digital, the coin price has been under pressure. Currently, Galaxy Digital has sold 65000 ETH and still has 55000 left. It is expected that ETH will only rise and break through after they sell off completely or temporarily stop the selling. This morning, it fell back to the strong support at the 1535 rectangular range, with resistance above at 1630.
ETH Resistance: 1630
ETH Support: 1550
Article Summary
Yesterday's morning review warned everyone not to chase after altcoins. Altcoins indeed experienced a rapid decline again. Don’t be delusional about the so-called altcoin season. We need ETH to break through the downward channel before we can see altcoins rise. Currently, ETH needs to reach above 1800 to break through the downward channel, which still seems relatively difficult in the short term!
