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In the early morning, the currency price fell again, and the bears broke through the lower support. From the daily trend, the market is showing a continuous downward trend, forming a six-day consecutive decline pattern. The rebound attempts of the bears have been repeatedly suppressed by the rapid decline, indicating the obvious weakness of the market. Currently, the currency price is fluctuating around 67,600.
From the 4-hour chart, the currency price trend continues to decline, and the overall structure is maintained within the downward channel. The technical indicators also show a downward trend. The 1-hour chart shows that the rebound has been repeatedly blocked, and although there are occasional changes in the long and short positions, the overall momentum is relatively weak. Therefore, the early morning strategy is mainly to short at high prices.
Specific operation suggestions:
BTC: Short in the 68,200-68,500 area, with a target of 67,500-67,200.
ETH: Short in the 2,410-2,430 area, with a target of 2,380-2,360.
These three Altcoins are the right time to lay in wait!
1.Dogecoin
The price of Dogecoin (DOGE) today is $0.16609, up 3.60%, with a trading volume of $22.65 billion. Through the analysis of the K-line chart, the current trend is oscillating. Compared to 21:00, it has risen slightly, compared to 20:00, it has fallen slightly, and compared to 19:00, it has decreased. The simultaneous increase in price and trading volume is a sign of strong market buying power, indicating that buyers are willing to trade in large quantities at higher prices, showing an optimistic market sentiment and a strong bullish sentiment.
In this case, the price is expected to continue to rise, as the market momentum is strong and the buying power is increasing. It is recommended that investors pay attention to the breakthrough of key resistance levels. If the price can continue to break through and stabilize at higher levels, the continuation of the upward trend will be confirmed.
1.Grass (GRASS)
In the past week, the DePIN project Grass has been steadily ranked among the hottest Altcoins. Its strong performance since its launch has made it one of the hottest Altcoins at the moment.
According to CoinGecko data, the price of GRASS has risen 9.30%, and the current trading price is $1.48. Although the Altcoin faces resistance around $1.4, the 4-hour chart shows that the $1.4 support level may help it rebound.
If this happens, the value of GRASS may jump to $1.90. However, if the bears continue to exert pressure around the current price, this may not happen. Instead, the value of the Altcoin may drop to $0.99.
Solana
Solana, abbreviated as SOL, has attracted much attention for its amazing speed and ability to process thousands of transactions per second.
This high efficiency is crucial in the fields of decentralized finance (DeFi) and Non-Fungible Tokens (NFTs). Recently, SOL has declined within 24 hours, but the upside potential is still large. The strong interest of institutional investors in Solana shows their confidence in its future potential, especially on the eve of the US election.
If the election results lead to policies that support cryptocurrencies, the price of Solana may soar up to 300%! This upside potential is in line with the market's confidence in the long-term value of this token, and it may even reach an astonishing 1,000% growth. Don't miss this great opportunity, the future of Solana is worth looking forward to!
Create a high-quality circle, mainly to explain various basic industry knowledge in the crypto world, the rotation of hot sectors, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of knowledge. If you are interested, you can find me, WeChat: tian889902 (add and chat to join the group)
