I, a commoner, have been working in Nanyang, striving to survive in the chaotic market, not seeking fame among the nobles, but only hoping to be true to myself. 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 everyone in the coin circle is here for 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.
Next, let's analyze the market trends of BTC, ETH, XRP, and LTC.
Bitcoin (BTC): Yesterday, BTC surged from 68500 to 72800 with a large volume, and is currently priced at 72100. Firstly, BTC's breakthrough of the historical high implies that this round of BTC's market may lead to a bull market. From the trend and the weekly chart, there is no sign of a bearish weekly candle, indicating a very strong performance. It is undoubtedly a bullish market. What we need to do next is to buy on the dip without worrying about a significant decline. If there is a significant decline in the market situation, I will notify everyone in the core group. Looking at the 4-hour chart, a new uptrend channel has been opened, and BTC should at least reach $100,000. You can follow the position of the MA30 moving average to go long. Looking at the hourly chart, the current trend is also bullish. If possible, you can go long around 69300. My suggestion is to buy on the dip near 70500. I do not recommend trying to catch the top at the moment. BTC is in the middle stage of the bull market, so there is no need to worry too much.
ETH: Ethereum (ETH) has now surpassed 4000. From the perspective of its form, it is in an upward trend with a good form. Both the daily and weekly charts of ETH are in an upward trend. It is very likely that ETH will surpass $5000 in this rally. There are opportunities to buy on the dip or hold low-leverage long positions. If there is a significant pullback, it will also provide an opportunity for long positions. I believe that this time, ETH will lead BTC to a bigger bull market. Therefore, my suggestion is to go long around 3950 and hold long positions if you already have them, aiming for $5000.
XRP: Looking at the weekly chart, XRP is currently in a pattern of oscillating at the bottom and absorbing volume. I recommended this coin to someone for 1-on-1 service just before it took off. It has now started to break through the upper resistance and has seen a surge in volume, breaking through the oscillation range. Therefore, XRP is very likely to break the previous high. The current price is around 1.4. If you have long positions at a low level, just hold on until the target price is reached without making any intermediate trades.
LTC: Litecoin (LTC) is also highly regarded. From the weekly chart, it is still at a low level and has just shown an uptrend with increasing volume. It is highly likely to break the weekly resistance level of 200. This coin belongs to the early mainstream coins. Due to the influx of new concepts recently, this coin has not been very active. However, a large amount of funds has recently poured in. I suggest you buy some and sell near the target price of around 300.
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