Gold Chain Exclusive: Tonight's meeting results may become the catalyst for a bull market, stabilizing at $4300 will initiate the main upward wave
Tonight, the crypto market may welcome a critical market event!
First, let's review yesterday's performance: The US stock market opened low and continued to decline last night, dragging the crypto market to adjust in sync. However, a large amount of institutional capital has quietly entered the market recently, and the price floor is expected not to fall below $4100. From a two-hour technical perspective, if the price can stabilize above $4300, the current downtrend may essentially come to an end.
The important meeting results at ten o'clock tonight are expected to be reflected in the market around nine o'clock Beijing time, which we can use to judge whether it is bullish or bearish.
My personal opinion: The current market sentiment is highly bullish, and the meeting results are unlikely to reverse the rising trend of the crypto market. After all, the Trump team may also be looking forward to the crypto market bringing more political or economic benefits.
Bitcoin's recent performance has been relatively flat, but usually, its consolidation period is when altcoins become active. Ethereum, as the leading altcoin, has recently performed significantly better than Bitcoin, which is also why I have mainly analyzed Ethereum in the past month—its market strength and operational opportunities.
In terms of future positioning, Gold Chain intends to help everyone find those lucrative opportunities in altcoins, and a tenfold return is definitely not a problem. Like and comment, and Gold Chain will guide you in positioning for the entire bull market!
