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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 before waking up. Tired but happy. I can only say #Fishing is the top trending sport.
Just finished a pork knuckle meal. I haven’t done much trading these past two days. Now I’ll organize and summarize!
The market is still in a fluctuation range (around 79,000-82,000).
Near midnight last night, there was a spike that pushed the price to around 79,800, which gave the bears a desire to add to their positions. However, it rebounded back above 81,000 during the day.
Ethereum doesn’t have an independent trend; it’s following the leader. As of now, the market price on the order book is about 81,200 for Bitcoin, around 2,300 for Ethereum, both returning to relatively support levels.
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 at 90,000-90,600—this is the weekly high point!
This round of spot trading didn’t show any particular sector being especially strong. It’s mostly some of the previous sectors moving 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. The market funds are still not buying in. No big players are entering. Mainly, those trading on the secondary market are too savvy now—raising prices and then leaving. They don’t FOMO and keep adding to positions like before.
On-chain profit-making effects are still ongoing, but there are relatively fewer meme coins emerging. The height of the quick profit projects is also decreasing. I used to see 10M projects often; now, 3-5M projects are rare. But there are more and more innovative mechanisms, though they’re mostly short-lived. Many projects hype up land plots with slogans, but few actually come out.
In the next few days, I’ll stay at the company, watching coins and projects. Good spot coins or low-tier projects will be updated simultaneously.
As of now, the altcoins in my holdings are:
Sui, Pendle, Chz, Pepe.
Honestly, I don’t want to buy junk altcoins. I’ve said before, just buy BNB and Sol.
In the past two days, BNB has been rising, and it feels like Sol is about to jump too!