Do not be bearish due to a sluggish market, and do not FOMO due to a bullish market. As a decision-maker, I hope that among those who are stuck in a dilemma after chasing the rise, you are not one of them. The overall altcoin market is at a bottleneck that cannot be broken through for a long time, and the probability of a correction is rising sharply. The current market situation is the best explanation.
Looking at Ethereum on the hourly chart, it has rebounded after holding around 3540, but the hourly trend is about to open up, which is also a sign of a correction. The best movement for Ethereum is to oscillate around 3550. Once it breaks below the upward trend, it will at least correct to around 3300.
The support around 117000 for Bitcoin is relatively solid, with two attempts to dip below this position. The hourly chart also shows signs of a rebound. Although there is a rebound, the trend remains oscillatory. With the weekend holiday approaching, we are likely to see oscillatory market movements.
This correction holds opportunities: WIF around 0.95, PEPE around 0.0000125, SUI around 3.6, and BOME around 0.00215 can all be entered with 30% of your position. I will observe TACO over the next few days and identify potential targets, posting them for everyone's reference at the first opportunity.
