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Good afternoon, brothers. I’ve been fishing for three days straight, everyone is exhausted. Last night I slept from over 9 o'clock until almost 11 in the morning, tired but happy. I can only say #Fishing is the top trending activity.
Just finished a pork knuckle rice meal. I haven’t made many moves these past two days, so I’ll organize and summarize now!
1⃣ The overall market is still in a fluctuation range (around 79,000-82,000).
Last night around midnight, there was a spike to about 79,800, which made the bears want to add to their positions again. However, it rebounded back above 81,000 during the day, and Ethereum didn’t have an independent trend, following the main trend. As of now, the market prices are:
Bitcoin around 81,200, Ethereum around 2,300, both returning to relatively support levels.
2⃣ My personal view is that the market will still go up. At least in the short term, the chance of a big drop is low. The Bitcoin high is still seen around 90,000-90,600, which is a weekly high!
3⃣ In this round, no particular sector in spot trading is especially strong. Some sectors from earlier have moved slightly, such as the privacy sector Zec, Dash, Zen.
Storage sector Icp, Fil.
The much-watched fan sector has not moved yet. Less than a month before the World Cup starts, many people are lurking. If it doesn’t start soon, it might really cool off. Market funds are still not willing to buy in. No big players are entering. Mainly, those playing in the secondary market are too savvy now—raising prices and then leaving, unlike before when they kept FOMO-ing and adding positions.
4⃣ The on-chain earning effect is still ongoing. Of course, the meme coins that pop out are relatively few. The height of the quick pass market is getting lower; I used to see 10M often, now 3-5M is rare. But innovative mechanisms are increasing, though they are mostly short-lived hype projects. The cycle is very short. Many projects are just hype with slogans, and few actually succeed.
5⃣ In the coming days, I’ll stay at home and focus on monitoring coins and projects. Good spot coins or low-tier projects will be updated simultaneously.
6⃣ As of now, the altcoins I hold are:
Sui, Pendle, Chz, Pepe.
Honestly, I don’t want to buy junk altcoins. I’ve said before, just buy BNB and Sol.
These days, BNB is rising, and it feels like Sol is about to jump too!