A New Day
✅️ Yesterday's Market Review
The market performed as expected, after a rise, it entered a pullback and consolidation zone. Bitcoin opened yesterday at 93691, reached a high of 94005, a low of 91660, with a volatility of 2.5%.
Ethereum opened yesterday at 1795, with a high of 1802, a low of 1722, and a volatility of 4.45%.
Both coins had a volatility within 5%.
✅️ Today's Market Analysis
In the morning, the main market saw a surge, with Bitcoin peaking at 94444 and Ethereum at 1790, followed by a pullback. As of now, the market price is around 93100 for Bitcoin and around 1750 for Ethereum. The intraday trend continues to look like a consolidation upwards.
Intraday Resistance and Support
BTC Resistance: 93800/94400/95000
Support: 92800/92200/91600
ETH Resistance: 1780/1820/1860
Support: 1720/1680/1650
✅️ Recommendations for Primary and Secondary Markets
The primary focus remains on Aimeme, where many meme coins have seen significant gains in the past few days. Of course, they also experience sharp corrections, so it's important to take profits at high levels!
In the secondary market, many altcoins are no longer following the main market and are looking for ways to break out, especially the coins in the observation zone. They may also realize this is their last opportunity, such as Bsw, Nkn, Flm, etc.
Coins in the observation zone should be approached with small bets, especially during surges, and it is crucial to take profits; do not be overly ambitious.
The Sui chain is very strong, and we can see Sui's advantages. If this round of market behaves well, it is very likely to reach new highs, along with Sui ecosystem coins, such as Cetus, etc.
The AI concept has also been emphasized by Yuge, and currently, many secondary spot coins are also stirring, so just hold onto the spot.
Those who followed Yuge’s INIT yesterday made profits, entering around 0.62, with a morning high reaching 0.8. It’s advisable to set a moving stop profit here.
Today's Spot Recommendations
Avax has been active lately, worth paying attention to, with an entry range of 21.5-21.8.
