The current market is all about patience. Value coins are very annoying, but meme coins are strong! BTC has reached the key pressure point of 67,000, and the support is around 64,000. The real direction should be chosen in May. The probability is still upward. The tone of the bull market is there, as long as it is not a shit coin, it will have a good multiple. It's just a matter of order.
Many institutions are applying for ETFs for Ethereum, which is potentially beneficial, and there are various factors such as staking, etc. A large amount of liquidity is locked, making it easier to pull the market. So in terms of the increase, ETH's increase will definitely be stronger than BTC.
The latest data shows that Ethereum is trading at a new weekly high of $3,263 and has experienced a brief correction. However, bulls are actively providing support above $3,200. Currently, Ethereum is trading above $3,200. In addition, a significant rising trend line formed at the $3,170 support level may also affect the price direction.
In the short term, the cryptocurrency Ethereum has a nearby resistance level of around $3,270, while a bigger resistance level is near $3,300. In the next period of time, if Ethereum moves towards the $3,350 level, it may open the doors to higher targets.
Justin Sun and Jihan Wu have made many big moves recently. When the price of Ethereum was between $2,900 and $3,100, Justin Sun bought $200 million of ETH and continued to increase his holdings. Another giant in the crypto, Jihan Wu, was not far behind and bought more than 100,000 ETH. The actions of these giants indicate that the bull market is coming.
It is very likely that ETH will break through the previous high. The late bull market will be the time for Ethereum to shine. Just wait and see how time verifies this.
From a technical point of view, a larger central hub is usually formed after the breakthrough, which will end the downward trend. OP, ARB, STRK and other tokens have been sluggish for more than half a year, and it is time to cheer up.
OP (personal heavy holdings); ARB; IMX; LRC; DYDX; RDNT; SSV (it is doing something big, personal heavy holdings) These targets can be bought at low prices, and look forward to the explosion in May! At the same time, the explosion of Ethereum indicates that there will be a wave of market for altcoins!
I firmly believe that the Altcoin season will definitely come!
Reason 1 : In the middle and late stages of a bull market, Bitcoin gradually loses its wealth-creating effect, and investors begin to look for new opportunities, turning to Altcoin. Reason 2 : In the middle and late stages of a bull market, project owners usually manipulate the price of Altcoin in exchange for Bitcoin in the hands of investors, because Bitcoin is easier to sell. Reason 3: The end of a bull market is often accompanied by madness, and this madness is often reflected in the Altcoin market. Reason 4: The rise of Bitcoin has attracted a large number of retail investors, while the rise of Altcoin often makes it impossible for retail investors to exit in time.
At present, we must observe the targets that are resistant to decline and rebound quickly before and after the plunge. You can pay attention to them. They are basically currencies with strong consensus:
1. ENA, Binance IEO, stablecoin project; 2. RNDR, Nvidia in the crypto; 3. ONDO, leader in the RWA sector, invested by giants; 4. PENDLE, invested by Binance Incubator, low market value, great potential; 5. TRU, Defi sector, low market value, great potential. Among the above targets, I am more concerned about RNDR, ENA and ONDO.
Although it is very satisfying to hold cross margin in one sector, you may also miss out on the entire bull market. It is not recommended due to the high risk. It is recommended to use the concentration + limited quantity method, focusing on several key points and secondary points, and controlling the overall number to a certain level.
So in a bull market, there are two strategies:
The first type: All assets are heavily invested in certain sectors. All you need to do is to wait for the bull market to come. The advantage is that the operation is simple, so it is suitable for most people and those who are busy with their daily work.
The disadvantage is: you need to hold on to it. Holding on to it is a test of human nature. Especially when you see coins everywhere that are making people rich, but your own coins are standing still.
I recommend 2 to 4 specific sectors. If you want to have only one, that's fine, but it requires a lot of personal judgment. Too many sectors is risky and not recommended.
The second type: part of the position is lurking, and part of the position is taken when the sector is hyped. The advantage of the position is that it can be advanced or retreated, and it is more flexible, but the disadvantage is that it requires being more sensitive to the market, spending more experience, and always focusing on the market.
Personally, I recommend the second one, which is safer!
Bitcoin is similar to yesterday, with a weak and volatile trend. It is estimated that it will test and verify the bottom support level in the short term. But don't worry too much. The short-term adjustment of the market will not affect market confidence. In the past two days, meme has started a new round of market trends, so there will not be too many problems if you trade according to market sentiment.
This round will see if we can replicate the order of the previous round, meme ai rwa and so on.
Free group/consultation: mcty689
