Good afternoon, May 27, Tuesday
✅️ Market Review and Analysis
Bitcoin has been fluctuating for almost a week, entering a pullback and oscillation range after breaking its historical high. Overall, the pattern is still quite strong, with a small fluctuation amplitude. The current market price is around 108,800.
For Ethereum, the position at 2,740 failed to break through and then came down. The current market price is around 2,560, with short-term resistance at 2,580. Actually, the current market situation is the best opportunity for Ethereum to perform. Before, I always believed Ethereum would have a period of independent market movement, but my confidence is increasingly low. If Ethereum doesn't strengthen, altcoins will have no chance. When Bitcoin enters a correction trend, all secondary coins will bleed!
In the future market, if Ethereum can perform well, the high point should be around 3,050. I will also clear my positions at this level. I hope Bitcoin can touch around 123,000!
✅️ Spot and Primary Market
The primary market has always been hot, whether it's the Solana chain or the BSC chain, and there are many profitable Alpha projects. You must dig in and participate.
Yesterday, following my lead, the CA position gained a net profit of up to 3.5X; very comfortable!
For spot trading, I won't make too many recommendations for now. Ethereum, this little junk, is stagnant. Remember that for altcoins, raising the price must be followed by taking profits. For example, yesterday's Cookie; I also reminded the group that profits must be taken when the price goes up. The current increase is hard to sustain for a long time, and corrections start from 20 points, so the wave must be executed.
As of now, my held coins are:
Sol Virtual Ena Saga Uni Trb Bake