Market review and analysis
BTC market's highest point yesterday was close to 96000 points. The daily level closed with a strong bullish candle. ETH's close yesterday was just around 1800 points, showing a small bullish candle. The weakness of altcoins is still ongoing and has not performed strongly. Now the overall market of altcoins has started to move. Many altcoins have already doubled from their bottoms, which is what we have been talking about last week regarding altcoins having a 100% increase. Some altcoins have only risen by 30-50 points. Is this the peak? Not yet. If ETH continues to rise to around 2200, according to the bottom levels, altcoins should continue to rise. Based on current altcoin prices, there should still be an increase of at least 30-50 points. In fact, if altcoins are strong, they could double. So in this stage of the upward process, we should be more relaxed and not fear small pullbacks. Even if we want to do a phased swing trade, it’s not time yet. BTC is not fully in place, and ETH's supplementary rise has not yet happened. We need to see whether ETH will break and stabilize above 2200 or just fluctuate between 2000-2200. When altcoins stop rallying, it can be considered to reduce or clear positions for swing trading. Take one step at a time. I have been instilling confidence in everyone, and now that the market is slightly better, everyone should relax a bit, hold onto the chips in hand, and not easily give them away. At this stage, do not clear or reduce positions. If you don’t believe in the coins you have, just switch. For example, recently mentioned S DOGE hasn’t started the upward mode yet, and SOL has risen more than 50 points from the bottom. SUI has now reached the resistance level of 3.8, the highest yesterday, with an increase of over 70%. From the bottom, it has already doubled. This year, we should continue to focus on the gaming sector and AI sector, as mentioned since the beginning of the year. WLD's performance today is also good. There are many currencies; it depends on how you choose.
Today's weekend highlights
The BTC market is expected to experience fluctuations over the weekend. Yesterday's attempt to break 96,000 points failed, but it did not fully attempt that level. Since yesterday closed as a strong bullish candle, pay attention to the small support level around 93,600 today. The focus of the key support in the past two days is in the range of 93,000-93,600. The first resistance above is still 96,000-98,000, or directly looking at the 100,000 mark. There are still four days left this month, so there is hope to challenge this major level. The market is moving step by step, so everyone should not rush or panic. Grasp the rhythm of this market cycle, and it will be easier to operate later.
ETH has not completely broken above the 1800 point level for several days. Yesterday's bullish close has started to pick up volume. According to the current trend, a break above 2000 is inevitable. Focus on the range of 2000-2200. You also need to see where BTC positions itself. If BTC remains stable and ETH rises to around 2200, then observe the overall market trend of altcoins. If a turning signal appears at this resistance level, it will be necessary to pay attention to clearing positions for a swing trade. Don’t let this recent rebound go to waste. When it falls back to a certain level, re-entering can enhance your profits while managing limited risks. The altcoins are waiting to emerge from the downward channel; when that happens, the market will start fully. I believe there will definitely be a major upward trend this year. In the short-term daily level, ETH doesn’t need to show too many retracements. The support point is around 1760. The first resistance above to watch is the range of 1920-1960. The current stage is a pullback, so it can be viewed as bullish.
Continuing to focus on the trend of altcoins S DOGE SOL. SUI reached the resistance level yesterday. Those who want to exit can do so; do not chase after the rise. Even if the price breaks above the resistance and expands, do not chase. The support line for SUI is between 3.0-3.3. Consider the support around 3.2 if you want to re-enter SUI. WLD from the previous period, even if trapped, has returned to the cost level. Those who want to exit can do so; those who want to hold can hold. The small resistance level around 1.2 has been reached. If it breaks and stabilizes above this small phase, you can see an exit around 1.6. If you are still holding MANA, you are already in profit, having returned to the highs from February. The current resistance level is around 0.35. If it breaks and stabilizes, you can see the range of 0.4-0.45.