The suddenness of the situation has taken the market by surprise. The market has directly risen by 2,000 points. The three pressure points of the market, 26,700, have been broken through. The second pressure point, 27,500, has also been broken through. The third pressure point is at 28,400. In general, the market conditions of all major markets have been very good recently. A-shares + US markets are taking off. The market maker did a perfect job in coordinating with the news last night. I really admire this dealer.
This wave of positive news mainly focuses on Grayscale's victory in the lawsuit. Twitter has obtained the relevant licenses for payment and cryptocurrency trading in the United States. It is mainly beneficial to the second-tier Bitcoin STX; RIF, Twitter's mask, and DOGE. There is also Grayscale's own son Zen. You can invest in these coins, but you must set a stop loss.
You should have seen the trend of this market. For most currencies, they just had two 15-minute lines. After the surge, almost all of them were correcting. Some of them had more corrections and have returned to the position before this wave of rise. It is very likely that this market is just a door handle and will come down later. Overall, I am bearish.
I took a look at the watch list. Yesterday, BTC rose 9%, ETH rose 7%, and all other types of altcoins, whether public chains, LSD, RWA or MEME, rose by about 10%. Even some garbage that I think are not far from death, also rose.
This suddenly made me understand: the reason behind this general rise is that most of the money in the market is speculative, and no one cares about value... So in the cryptocurrency circle, community and sentiment are the first priority when it comes to projects and investments.
