I, a commoner, have been farming in Nanyang. I seek only to preserve my life in the chaotic market, not to be renowned among the nobles, but to have a clear conscience. I really like a quote from Robert T. Kiyosaki, "The love of money is the root of all evil, and poverty is the root of all evil." I believe that everyone in the coin circle is there to profit. I hope that in the days to come, my market analysis can help everyone gain a lot in the coin circle. The sea of learning is boundless, and learning is endless. Continuously increasing one's knowledge and combining it with one's own trading habits is the only way to survive and achieve one's ambitions in the coin circle.
First, let's analyze the recent market trends of Bitcoin, Ethereum, Ordi, and FIL.
For Bitcoin (BTC) on the daily chart, there isn't much movement currently. Long-term, the bullish trend has not been broken. From the recent performance, it's clear that Bitcoin is still stable. Looking at the 4-hour chart, the MA120 moving average is supporting around 43,160 and has now stabilized around 44,000. The overall trend is still within a range, but with the MA30 breaking through, all three lines are now stable. After the closing, it's possible to go long on BTC. The trend is still very promising. Currently, there are no signs of extreme market conditions. The previous bearish sentiment may end tomorrow, and the real bull market may just be beginning. On the hourly chart, as I mentioned in a previous article, once the hourly chart is above the MA30 and the moving averages cross, it's a good time to go long. Today's performance has been very good. Breaking through the upper rail with volume is the key to further challenging new highs. The hourly chart shows a oscillating pattern, so overall, it's still mainly long. My suggestion is: If the BTC hourly chart stabilizes at 44,500, it's a good time to go long. If it doesn't break 43,000, the market is still bullish, and the possibility of BTC hitting new highs has increased.
For Ethereum (ETH), it currently appears to be relatively weak. The main reason is that on the daily chart, the MA30 line is under pressure and has not effectively broken through. Currently, it's continuously testing the MA60 moving average. Combined with the unfavorable daily chart pattern, this has led to Ethereum's weakness. It's recommended to prioritize BTC for long positions. Looking at the 4-hour chart, it's still within a range. When ETH breaks through 2,280, that's when the bullish trend begins. The three lines are under pressure, and with a death cross, although the KDJ has a golden cross, the volume is insufficient, so overall, it's a general trend. On the hourly chart, if it stabilizes above 2,250 and the MA30 crosses above the MA120, forming a golden cross upwards, that's when it's a good time to start building long positions. My suggestion is: Wait for ETH to break and stabilize above 2,250 before entering long positions. Once it falls below 2,180, it's advisable to set a stop loss. Overall, the likelihood of following Bitcoin's trend is relatively high.
For Ordi, on the daily chart, the MA30 moving average has already provided support. Although the MA120 moving average on the 4-hour chart broke today, it hasn't stabilized, and it was a volume spike, so a short-term rebound is very normal and in line with expectations. Looking at the 4-hour chart, if the MA30 moving average at 72 is not broken through, then there's still a possibility of Ordi retracing to 66. Currently, the pattern belongs to a rebound within a downtrend. It depends on whether it can stabilize at 72 and form a moving average golden cross. In that case, there's still a great opportunity for Ordi. On the hourly chart, there's a high possibility of a V-shaped rebound. It has shown a single positive line crossing the three lines, and there's been a volume spike, so it depends on whether it can stabilize. Overall, the pattern still needs some adjustment to be healthier. My suggestion is to enter long positions near 66, and if it stabilizes at 72, it's very likely to reach around 82.
For FIL, this coin has been recommended for spot holding in the core group. Looking at the weekly chart, it's currently in a very low range of oscillation between 3 and 10, with three high points at 12, 10, and 8. Overall, it's considered a potential coin, and there have been several huge volume spikes at the bottom. I believe that once this coin starts on the weekly chart, it will start at least at $30, so ignore the short-term fluctuations, hold onto it, and wait for the big bull market, which will bring good returns. Looking at the daily chart, the MA60 moving average has already provided support, and the MA30 moving average has not yet broken through the price at around 5.8. When the price breaks through 5.8, I believe the daily chart's reversal may begin. The strong support position is currently near the MA120 moving average at 4.8. The daily chart's adjustment may still take some time, so patience is something many people must learn. Don't chase after any coin just because it's rising. Looking at the 4-hour chart, the three lines have already had a death cross, so it's still relatively weak in the short term. Overall, when the price stabilizes above 4.8, I believe that's when this coin will be strong. On the hourly chart, there's support around $5, and there will be a certain degree of rebound here. It's only when it breaks through the MA120 moving average that it's truly starting. In the short term, it follows the market trend, but personally, I think this coin is good for spot holding, and I don't recommend touching the futures for now. My suggestion is: Regularly invest in spot holdings and hold on. I don't recommend futures for now, with a long-term target of over $30.
All the above suggestions are personal opinions and do not constitute investment advice. There are risks in the coin circle, so be cautious in your operations.
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