Chuanlun Market Analysis 1130: Bitcoin is consolidating, altcoins are dancing!

CN
11 days ago

After BTC hit a pullback low of 90791 on the 27th, it did not stay at the low for long, quickly rebounding to around 98000 in just two days, indicating strong bullish momentum. The current price is 97353.

In the morning analysis on the 28th, this account mentioned the probability of a V-shaped rebound based on the strength of the bounce, and on the 29th, it was suggested to look for an upward rebound on the hourly level. Our trading plan needs to be continuously adjusted based on the strength and structure of the trend; we must not be rigid, or we will suffer losses.

Regardless of whether this hourly upward rebound can break new highs, the weekend is a time for altcoins to shine, so we can currently choose strong trends and well-structured varieties to replenish positions.

Without further ado, let's go straight to the charts:

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