Yunmeng Web3 Daily public market trend analysis. Welcome, brothers, to discuss freely.
Market Analysis——
Good afternoon, brothers! I’m back! It’s been a few days since I last provided market analysis for you all. I’ve been really busy with work trips these days. I apologize for that, but I will still share some thoughts and strategies in our small family group. So for those who haven’t joined the family group yet, make sure to hurry! Getting back to the charts, after Bitcoin was pulled up to 96, it is currently in a consolidation range between 926-952. How many days it will consolidate depends on how the market manipulators act. But as long as this consolidation range holds, you can trade high and low between these two positions. A breakthrough simply means adjusting your stop loss; it’s no big deal. Let me also share the intraday analysis with you.
$BTC For Bitcoin, keep an eye on the 93600 position. As long as it doesn’t drop below this level, it will likely go up. The upper resistance levels are 95266, 96370, and 97000. If it cannot stabilize above 93600, there will be a minor pullback. The lower support levels are 92588, 91650, and 90940.
$ETH Ethereum has finally shown some strength recently. It peaked at 1857 during this surge. Currently, for the intraday analysis, pay attention to the 1809 position. Only if it holds above this level will Ethereum continue to rebound. The upper resistance levels are 1825, 1847, and 1866. If it cannot hold above 1809, it will likely drop or continue to consolidate. The lower support levels are 1775, 1750, and 1721.
Then let me share my personal view. For those who are still holding onto Dogecoin, I think it's best to avoid making any big moves. The monthly line will soon be drawn, and if there’s a sudden change, what if the market manipulators make a move? Can your position withstand it? Personally, I tend to lean towards long positions, even if the market goes up later, I will be looking to position on Dogecoin. It all depends on how it pulls up, and I will set my stop loss accordingly! So, brothers, don’t chase the highs and get trapped at the peak. I have acrophobia!
