For example: SOL, BCH, LTC, etc., after the BTC rises, the mainstream is rising, and the FOMO sentiment has reached a certain height! The short-term BTC is a weak state, so why hasn't it fallen for a long time? It is because the mainstream is rising, and the rise is too fast, which is not a good thing for the BTC, attracting a part of the market funds, that is, a market that may be inserted downward! At this time, we should pay special attention to prevent the rise and fall caused by the mainstream general rise, driving the BTC downward, we can only say that the current market trend has this possibility!
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At present, the Coin of the Halving plate may be ignored by very Long people, and when you find that these Coin have risen and you go to the All in, it has actually doubled, why is the Coin of the Halving plate in 2024 only BCH, BSV, and ETC ahead of the rise? This starts with the skyrocketing Bitcoin and Ethereum, first of all, Bitcoin rose by 45% in the entire month of February , from 43353 at the beginning of the month to 64426 on February 29, Ethereum pulled to 3523, then BCH belongs to the Bitcoin Forked Coin is also called Bitcoin cash, with the Bitcoin Halving approaching, the BCH will be Halving on April 7, so it is not surprising that BCH pulled up strongly, the highest price of the big Bull Market BCH in 2021 is 1640, from the perspective of Whale holdings BCH it is not impossible to break through the previous high of 800 before the Halving, BSV belongs to a fork of the BCH, and it is inevitable to break through 130-150 at this moment, but BSV has been removed from the BA shelves, ETC known as ETCWith the 10-day countdown to the Ethereum Cancun upgrade, Ethereum Spot ETF expectations, it is possible for ETC to break through the all-time high, and to reiterate, the Ethereum Mainnet Cancun Hard Fork is scheduled to take place on March 13, 2024.Forked Coin Ethereum OP and ARB will undoubtedly play a central role in this upgrade. For both Coins, it is a wise choice to choose a low entry or an additional position. The Cancun upgrade is a huge Favourable Information for all Ethereum Layer 2 projects, involving Coins including OP, ARB, METIS, LRC, IMX, SNX, GMX, RDNT, etc
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After the currency price has risen all the way since last week, the market has basically not given too Long action in the rhythm of the weekend, and the small shock file continues, the currency price has continued to hover in the 62500-61700 area after falling back from 61300 in the morning yesterday, and for the weekend, this rhythm is also more common, from the perspective of the four-hour structure, with 60000 as the starting support point, after breaking the high and then stepping back to start steady, the middle track is the first support, if the small steps can continue, the middle track is the support, Short Term first look at the further Rebound continuation, close to the daily upper 64000, but whether it can break through further, you have to combine the pattern to determine the upward Short。 At present, the short term pattern is still a see-saw shock, the small cycle is biased upward, the situation of high shock is also to say that the price remains at a high level, high shock, this is a very strong performance, this pattern is often completed by high shock to complete the correction, that is, time correction, because the long is too strong, will not give much chance of pullback. Don't be affected by small adjustments to the judgment of the trend, the current pattern can not be determined to be a one-time break for the time being, but it does not rule out a roundabout shock market, so the follow-up we still use Long single ideas to layout.
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At present, the Ether is volatile near 3430, and the short-term shock range in the 4-hour aspect has begun to gradually shrink, and it has entered a correction after a long period of unilateral volume, while the Bollinger band is also gradually closing and running, and it is currently in the weekend time point and the shock is expected to continue. Focus on the pattern of the weekend evening. At present, the shorts are still difficult to get out of the too strong continuation, the daily level MA7 moving average support near 3350, BBI support 3250 line, intraday support around 3350-3250-3200 for effective support, upper pressure 3455-3480 broke and strengthened again to test the new high 3600 line. The four-hour MACD KJD OBV is diverging downward, and the four-hour moving average and SAR support are around 3370-3355
