The liquidity in the bull market is still quite ample, with nearly 100,000 BTC selling pressure already digested by the market, which is a positive for the market. Yesterday, it was mentioned that the resistance for BTC is around 118,000. Despite the lack of liquidity over the weekend, BTC has resolutely stood at this position, and the bottom has been raised, with support returning to around 117,000.
The support at 3,500 for ETH is very strong, forming a large pin. Compared to BTC at 115,000, ETH at 3,500 definitely has a better cost-performance ratio and better odds. After all, this round of ETH has seen above 4,000, and I expect it to be around 4,100.
Looking at ETH from the weekly perspective, although it closed with a doji star, there is a high probability that it will stabilize at the 3,580 position we mentioned when the week changes on Monday. We are really just one step away from 4,000. The overall market has been consolidating for some time, and I am optimistic about the market next week.
In the past few days, some low market cap coins, those below 30 million, have seen several points of increase in turn. Those who want to buy lottery tickets can purchase some that have not yet rebounded, hold for a few days, and leave regardless of whether they win or lose, waiting for funds to flow back, which will be the moment when the coins we are waiting for take off. Just continue to hold.
