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Bitcoin and Ethereum have risen strongly. Where are the opportunities for catch-up growth under the rotation of funds?
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Last night, Bitcoin hit a new high, reaching $77,200, and Ethereum also rose to $2,995 in early trading, while BNB continues to rise, with the price at the time of release reaching $637. Platform coins have started to catch up, and the Bitcoin long-short ratio on the OKX platform is still at a low level. Based on past experience, although Bitcoin may face short-term correction risks, the long-term trend is still upward, so corrections are a good opportunity to position. Recently, Bitcoin has been oscillating sideways, while coins such as Ethereum and ADA have achieved a certain degree of catch-up, and today BNB has also joined the catch-up ranks, indicating signs of capital rotation in the market.
The capital is gradually rotating, and the gaming sector can be focused on at the moment, especially MAGIC and YGG, as these projects may have catch-up opportunities at any time. In the early trading session today, the rise of BNB has brought opportunities for associated coins such as CAKE and BAKE to move in tandem. The first four hours of the day, from 8 am to 12 pm, often reveal the hot coins of the day, and short-term opportunities can be found among these varieties. For example, when BNB rises in early trading, it is worth observing whether CAKE and BAKE have followed suit, and if not, this may be an opportunity to position in advance. Similarly, when Ethereum rises, it is possible to focus on strong projects related to its ecosystem, such as SOL, to seek potential short-term opportunities.
The market opportunities on weekends are relatively fewer, suitable for holding medium and long-term positions, while short-term opportunities can be focused on the active varieties in the early trading session, as the market usually has smaller fluctuations in the afternoon. It is worth mentioning that the project STG has a history of strong upward momentum, and in its upward cycle, short-term investors can grasp the profit-taking and stop-loss strategies well. Short-term trading requires quick entry and exit, and it is best to take profits when the opportunity arises; for medium and long-term holdings, there is no need for frequent operations, just maintain patience and hold.
Finally, there are actually many things that have not been written in, such as specific opportunities and specific decision-making, which are often not something that can be summarized in a single article.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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