Fundamentals:
1. Robinhood has submitted a proposal to the U.S. SEC to establish a framework for RWA tokenization, aimed at promoting tokenization in the U.S. securities market.
2. The U.S. SEC has postponed its decision on the XRP and Dogecoin ETF proposals and is seeking public opinion.
3. SEC Chair: Promoting transparency and accountability mechanisms in cryptocurrency regulation.
Technical Analysis:
BTC: Yesterday, during the Asian and European trading sessions, it experienced a downward adjustment, testing around 104, which completely aligns with the expected support level discussed yesterday. During U.S. trading hours, it began a slow ascent, reaching a recent high of around 1075. The daily line closed with a lower shadow bullish candle, maintaining an overall upward oscillating trend. The 4-hour line showed a surge followed by a retreat, and after testing below the moving average, it continues to push upward; the bullish structure remains healthy. For intraday operations, focus on support at the 1063-1053 position below and key resistance at the 1078-1088 position above.
ETH: Yesterday, the daily line once again dipped near 2450, just testing the 14-day moving average. The ten-day adjustment has repaired the gap between the daily candlestick and the 14-day moving average, and today opened above the 14-day moving average, with the downward adjustment space having been fully repaired. From the overall arrangement of the daily candlestick, the candlestick is oscillating upward on the 14-day moving average, indicating a normal market trend. Today, it should rise directly along the moving average, starting a new round of upward movement. If it dips again and breaks below the moving average support, with the 7-day moving average continuing to extend downward, a death cross will form, and the technical trend will turn bearish. Looking at the 4-hour line, it dipped near 2450 and closed with a bullish candle. Currently, it has shown three consecutive bullish candles, and the overall trend appears quite healthy, with room for further upward movement during the Asian trading session. For intraday operations, focus on support at the 2525-2500 position below and first look at 2580, then 2650 above.
Altcoins: Yesterday, altcoins surged and then fell back, once again testing the near five-day low point. They began to rebound during U.S. trading hours. Most altcoins have decreased by nearly 30% over the last ten days, and a clear support line has formed at the near five-day low. This level of adjustment and trend constitutes a phase of adjustment in the overall rising process, which is normal. Since the day before yesterday, I have gradually built positions, and it appears to be the right decision as there is limited adjustment space below. We can use the recent low point as a risk control defense line to guard against a potential market reversal leading to a new round of decline. In the upcoming market, focus on the staking sectors JTO and LDO, as well as the modular sectors OP and ARB. Additionally, pay attention to the AI-related sectors FET, WLD, and INJ. For specific and detailed strategies, feel free to DM me!
HeYue: In yesterday's research report, we focused on the support at the 104-105 position for Bitcoin and the 2480 position for Ethereum. Yesterday, Bitcoin tested around 241, and Ethereum tested around 2450. During U.S. trading hours, we began to see an upward trend, which completely aligns with expectations. For intraday operations, we can focus on the levels mentioned in the research report. Currently, HeYue has positioned itself with two altcoins and is holding onto them while waiting for a rise!
The cryptocurrency market is highly volatile; exercise caution when entering the market. This is a personal opinion and not advice; it is for sharing purposes only.