In the past two days, Bitcoin has strongly broken through the strong resistance level of 88,000, and the next significant resistance area is between 95,000 and 98,000. It is expected to touch this position in the next couple of days.
In my personal view, it will be challenging to break through 98,000 in the short term, so reducing some Bitcoin positions at this level is a good choice. However, this does not mean that this wave of the market is over; while Bitcoin pauses, smaller coins may continue to bloom one after another, enhancing the overall market enthusiasm.
In the medium to long term, it can be held continuously. In the short term, after reducing positions near 98,000, it may be considered to buy back during a significant pullback.
You can buy at the bottom, but don't buy recklessly!
Recently, altcoins have been a bit lively, with many obscure coins suddenly rising, especially those that had previously dropped to 'floor prices', now following the lead coins to catch up. However, it should be noted that the real leading coins haven't risen much; instead, the metaverse concept coins promoted by Binance are rising—most of these coins were previously issued during Binance's activities and had dropped over 90%, but are now suddenly seeing a resurgence. However, upon closer inspection, it is found that the actual buying volume of these coins is very low, resembling manipulation by a few rather than widespread investment. Has Binance's influence shifted from launching new coins to trading old coins?
Old Yao's suggestion is not to rush into chasing high prices for the already risen metaverse coins. The overall market is currently quiet, and this localized trend may disappear in a few days. For those looking to profit from short-term fluctuations, it's best to wait for the next obvious collective upward signal before taking action. Observe whether other sectors will follow suit, such as AI coins, Meme coins, and DeFi coins. Especially worth mentioning are Meme coins: although the risks are high, these coins have simple and transparent rules, allowing anyone to participate, which makes the market fairer. Now some investment institutions are being pushed into a corner, possibly related to the increasing popularity of Meme coins.
In May, Bitcoin may break the 120,000 barrier, and 3 types of altcoins could explode 20-100 times in the future! DOGE
With the overall recovery of altcoins, a familiar star shines again: Dogecoin (DOGE) has surged over 12% in the past 24 hours, not only outperforming the market but also completely crushing Bitcoin in key on-chain data.
Both trading volume and active addresses have surged to new highs in months; the rise of DOGE is no longer just driven by sentiment but is supported by real market sentiment and capital inflow. It can be bought in batches!
SOL
Recently, the popularity of SOL has risen, with many big names and institutions on-chain. If the SOL spot ETF approval is granted, its performance will definitely far exceed Ethereum, and it could at least challenge a new high!
SOL is suitable for medium-term investment, and its value will gradually manifest. The current price of SOL is $148, waiting to buy in batches around $120, positioning for a medium to long-term rebound.
AAVE
AAVE is a heavyweight in the lending space. The recently launched V4 version supports cross-chain collateral, allowing even Bitcoin to be used as collateral. The cash flow is stable. It has strong blue-chip attributes, and during a bull market, the demand for lending is significant. Recently, Aave is discussing deployment on Aptos.
The DeFi sector's AAVE has always been one of my recommendations. The market has the opportunity to break through new highs again without any issues!
