The recent market has been quite dull, not rising properly when it should, and not falling properly either, oscillating back and forth, which tests people's patience. This is not good for market recovery; prolonged stagnation naturally increases the probability of a correction. There's a saying in this circle: if it can't rise, it will fall; if it can't fall, it will rise. The principle is simple, though the words may seem rough.
Currently, Bitcoin is showing a trend of oscillation, with support around 104400 and resistance near 106600. The overall direction still favors the bulls. The short doji on the daily chart appeared during the pullback, signaling the end of Bitcoin's correction.
Ethereum began to pull back after reaching the resistance around 2580, and is now oscillating around the support near 2480. This is also the support on the 4-hour chart. After the 4 AM line change, if it can hold above 2480, it will indicate a good trend. If it dips, the support below will drop by 100 points to around 2380.
During this dull time, there is no need to waste time on this. Spend time with family, gather with friends, travel, avoid internal strife, and conserve energy to face the upcoming market with the best spirit and appearance.
Many friends are asking if $BNB will reach a new high, whether to buy $CAKE or $BNB!
Let me put it in the words of a few friends: if CZ's dog launches successfully and goes live on Binance, it will definitely add fuel to the BNB Chain, and it's certain that BNB will exceed 1000U in a short time! At the same time, in terms of expected gains, CAKE will definitely have a higher increase compared to BNB, but it also carries more risk.
Everyone can choose according to their investment preferences; my allocation of BNB and CAKE is about the same!
Friendly reminder, this is in a favorable scenario!
《Continued Volatility — Is the Market Going Up or Down?》
Bitcoin has once again created a historical new high today. Earlier yesterday, altcoins saw some rebound, and Tether also observed that this rebound is not sustainable. The market still needs to fluctuate, reminiscent of the previous scenario after Bitcoin broke through its new high, and now it needs to be reviewed again.
Ethereum, after breaking through the resistance around 3950, has also started heading towards the resistance near 4100. After a brief touch of the resistance, it began to pull back, which scared altcoins back to some extent.
Before the volatile market ends, we still need to patiently wait and must not blindly go all in or give up. There is no need to be anxious; during times of no market activity, take a good rest and do some meaningful things. Just patiently wait for the spring to arrive.
Both Bitcoin and Ethereum have broken through. The U.S. Bitcoin ETF and Ethereum ETF, as well as Hong Kong's ETF, are all seeing net inflows of funds. One must have certain patience, endure the fluctuations, and not falter before dawn.
Let's give you a shot of reassurance. Last time, the market didn't give us face, so the rebound turned into a reversal. August will be a comfortable month, and now is the last chance to buy at the bottom💰💸💵Money is coming😋
The last post I posted when #BTC hit 30,000, did it go down? The copycat fell even harder. In the current global environment, if you think about a hairy takeoff, please come down! $BTC $ETH
Many people say that the currency circle is very violent, but have you ever thought that in real life, normal people still account for the majority of people, but in this circle, Shaqi has become the mainstream. I am here to give an example of Shaqi dayu under my real name , that’s the dayu you all know, purely a yarn coin, there are as many examples as you want, see you in the comment area
The first post to settle in the square Thanks to An An for her support in making my settlement successful. I hope to get rich together with my friends in the square!
Which financial management methods are you more optimistic about now? 1. crypto coin 2. Stocks 3. Fund 4. Physical investment 5. Games