GM! The new week has begun!

Today is Monday, and I've looked through the weekly K-line charts of various altcoins in the list.

The performance is still acceptable, and only a few are relatively strong and resistant to decline. They are as follows:

ENS/GNS/BGB/GMT/LDO/SSV/CHR/PEOPLE/INJ/MKR/SEI/TIA/STX/ALEX/METIS

The most impressive one is PEOPLE…

Of course, I haven't paid attention to what has happened with it recently while lying low. If anyone knows, please share…

Some of the above altcoins are still worth buying for long-term layout at the right time!

My view is that before the Spring Festival, the altcoins are all lying low, so it's not suitable to heavily invest. It's better to wait and control the position.

As for Bitcoin, if a series of ETFs can be approved around the 10th to 15th, I suggest not to expect too much. My expectation is for a new high, but not too high. It's very difficult for the price to exceed $48,000.

In the future, the market will continue to maintain a weekly level of fluctuation around $40,000 to $48,000 for a while.

If the disappointing ETFs continue to fail to be approved, my expectation is for fluctuation in the mid-term range of $38,000 to $44,000.

But if the weekly level falls below $38,000, then you need to be more cautious, as it may indicate a trend reversal and the start of a decline.

In summary: before the Spring Festival, be cautious and not speculative! After the Spring Festival, go all out and embrace a wild bull market! 😉😉😉

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