After Bitcoin fell below $59,000, it quickly rebounded back above $60,000, and is currently at around $63,400 at its highest. In terms of trading volume, this upward trend is relatively strong. The daily candlestick chart also looks very nice, showing a morning star bottom reversal pattern. At the same time, the 2-day EMA has also been pulled back, and the 15-week EMA (61,860 USD) has also firmly stood its ground. These technical signals indicate that the bulls have regained the advantage.
In addition to Bitcoin, some other cryptocurrencies are also seeing strong rallies. For example, ENA, the project's big players have obvious control over the market. If you can grasp the operation methods of these major players, and follow their rhythm, there is still a chance to make a small profit.
In addition, OP is also a cryptocurrency controlled by big players, and has recently rebounded strongly. ARB, which is closely related to OP, although it hasn't made much move yet, but these two cryptocurrencies usually have a linkage effect. Therefore, ARB may follow suit and rebound soon, so it's worth considering taking a position in advance.
ORDI and LDO in the strong big player series are also worth focusing on today. These two cryptocurrencies also show signs of big player control, and their performance may be very strong in the near future, suitable for short-term traders to capture opportunities.
Investment Opportunity in CFX
As for CFX, I still say the same thing, as long as you are confident in the domestic stock market (A-shares), you can continue to hold CFX. If the price of CFX is below $0.2, it belongs to a relatively safe buy zone. By the end of the year, the possibility of CFX doubling is very high, because the bull market in the cryptocurrency market combined with the bull market in the A-shares will bring stronger upward momentum to CFX. Looking back at the past trends, CFX's performance is still very worth looking forward to. Although the price has pulled back recently, this is actually a good entry point, waiting for the future upward trend.
Outlook for the A-share Market
Although the A-share market briefly fell below 3,200 points yesterday, I am still optimistic about its future performance. After all, we are now at the level of over 3,000 points, which is already close to the historical low. Don't underestimate the power of a bull market, once the bull market starts, the gains may be surprisingly impressive. Everything now is just the beginning, and there is still a lot of room for further upside.
Finally, there are actually a lot of things that haven't been written in, such as specific opportunities and specific decisions, these things are often not something that can be summarized in an article.
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