The recent market has been quite interesting. BTC has been repeatedly testing the support level at 95,000. In the short term, there doesn't seem to be any obvious negative news, and it should continue to fluctuate between 95,000 and 98,000 for a while.



XMR is even more noteworthy. The previously expected second target was around 760, calculated based on a 50% historical increase, but the price directly surged to 800, with a gain of 53%, already reaching that target level. As for whether 800 will become the top of this round, it's really hard to say.

Interestingly, the funding rate has remained positive, indicating that the bullish momentum is still quite strong, and there hasn't been any significant shift in the distribution of holdings. From this perspective, the mid-term trend hasn't truly weakened. My judgment is that after this wave of correction ends and a rebound occurs, it will most likely attempt to hit the previous high again, or even break through it and push for another rally.

In terms of trading, I set a partial sell order between 600 and 660. When the price dipped to 657 yesterday, only one order was filled, indicating that the desire to bottom fish isn't very strong. I'll continue to watch whether a true top forms around 800. As for ZEC, there are no new trading plans recently; I'm just holding and observing.
BTC-1.58%
XMR0.00%
ZEC-5.45%
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