Market analysis:
The market is extremely boring. In the medium term, it seems that the big cake is oscillating here to build a platform, so the short-term trend is erratic. The most terrifying thing about this trend is that it will keep making false moves such as breakthroughs or breaks to lure contract players in, but once you go in, it will immediately go back in the opposite direction, and the price will remain unchanged, eroding your profits. Be sure to resist the temptation and don't do it casually.
The copycat markets are gradually getting out of Bitcoin’s control, not following the decline or rise too much. It is difficult to judge the intraday direction and there is a lack of motivation to open positions.
The only hot spot recently is SUI which was launched last night, but it was born at the wrong time. If it had been launched earlier, maybe it would have been worth playing with. If you want to play with it, wait for the big cake to start another round of growth.
What is certain for now is that the mid- and long-term hot spots in the market will most likely revolve around the theme of Bitcoin halving. Because of the emergence of ORDI, the imagination space for this theme has obviously become larger, and it is worth tracking for a long time.
Now I am expecting a sharp drop in Bitcoin so that I can enter the spot position. I have already selected a spot target, which is closely related to the theme of Bitcoin halving. #BTC #rdnt #Binance #ETH #crypto2023
