Currently, many cryptocurrencies have emerged from bottom formations, but whether the market has entered a unilateral upward trend still depends on the performance of Bitcoin and mainstream coins. The following points need special attention:
Locked positions still pose pressure: Previous prolonged declines have accumulated a large number of chips, and during the rebound process, there will be a release of locked positions, leading to certain selling pressure in the short term, requiring time to digest.
Liquidity is key: A true trend-based rise often accompanies institutional entry. Once the market starts, it may not give too many entry opportunities, but there will also be pullback windows for replenishment.
Interest rate environment to be confirmed: Interest rate cuts are expected at the earliest in the third quarter. The current market trend is more likely a cyclical technical rebound, and the rebound itself is part of market rules.
Currently, Bitcoin is in a daily pressure zone, and oscillation and consolidation are normal. Whether the next phase will be sideways accumulation or a prolonged decline still requires time to confirm. It is recommended to focus on swing trading, ensuring there is enough liquidity on hand.
Be cautious when chasing highs; select strong cryptocurrencies that have yet to explode for low-position layouts. For those already with a certain increase, it is advised to take profits in batches or adjust positions. Remember not to blindly chase highs, and staying clear-headed will give you a chance to win in the next round.
Current market sentiment is warming up, and the rotation of altcoins is accelerating. Focus on the following major directions:
SUI Ecosystem: $SUI leads the charge with strong performance, and the ecological coin $DEEP has successfully landed on South Korea's Upbit, showing bright performance and clear capital inflow.
Meme Sector: In every round of rebound, $PEPE and $BONK are the focus of capital chasing and cannot be ignored. The Solana chain's hot product $FARTCOIN has strongly entered the top five in the Meme market cap, becoming the leader on-chain.
Conspiracy Series + Concept Stocks:
$TROLL is rumored to be controlled by a 'conspiracy group,' has launched on Binance Alpha and Moonshot, and has a strong market atmosphere.
$DARK combined with the popular MCP concept is worth continuous attention.
$LUMO has received sponsorship from Nvidia, strengthened by the AI concept, and has long-term potential.
The AI sector and Meme sector are almost always the pioneers of market initiation. Moreover, the takeoff usually does not wait for anyone. More often, it results in selling losses and slapping thighs! Recently, many cryptocurrencies have shown positive technical structures; below is a brief summary of the 4-hour chart trends of several popular cryptocurrencies:
$JASMY: Forming a small-level pullback breakout structure, expected to challenge previous highs in the short term. Once the breakout succeeds, it is anticipated to hit the equidistant target of 0.215. It is recommended to wait for a breakout and retest confirmation before considering entry.
$DOGE: Has repeatedly broken pressure levels, maintaining a strong upward pattern, with a significant probability of reaching the 0.19 area in the short term; the overall bullish trend is clear.
$LINK: Currently showing a steady trend, nearing a small-level breakout. If it breaks out with volume, it is expected to continue a steady upward trend, suitable for swing trading.
$NEAR: After completing the double-bottom structure, it successfully broke through and confirmed with a retest. Currently, the main trend has reversed, the movement is steep and rapid, and it is recommended for holders to gradually take profits; if considering new long positions, waiting for a short-term pullback will be a better choice.
Overall, multiple cryptocurrencies continue to be strong. Following the trend and acting opportunistically is currently a better operational strategy.
The article ends here! If you are confused in the crypto world, consider joining me to layout and harvest from the big players!
