After finishing my chart review this morning, I整理 my thoughts.
If the BTC price can break through the $63,000 resistance level, then I expect ETH’s price will also rise accordingly, possibly reaching around $1,700, because the two have a very strong correlation. In this scenario, I would add to my ETH position.
If XRP’s price continues to fall and breaks below the $1.05 support level, then I expect the overall market to keep weakening. I would reduce my BNB holdings. Given that its 24-hour decline has already reached -2.99%, in this scenario I would shift toward more stable assets, such as ADA.
I think the first scenario is more likely to happen, because BTC has already rebounded from the morning low of $59,102.70, and the current price of $61,182.73 is already close to the prior high of $62,973.20. This suggests strong buy-side support.
I am bullish on BTC and ETH—especially when their prices are near $61,000 and $1,600. I will consider adding to my position, depending on the subsequent market trend and changes in TVL.
#DeFi #看多BTC #加仓ETH
🚀
If the BTC price can break through the $63,000 resistance level, then I expect ETH’s price will also rise accordingly, possibly reaching around $1,700, because the two have a very strong correlation. In this scenario, I would add to my ETH position.
If XRP’s price continues to fall and breaks below the $1.05 support level, then I expect the overall market to keep weakening. I would reduce my BNB holdings. Given that its 24-hour decline has already reached -2.99%, in this scenario I would shift toward more stable assets, such as ADA.
I think the first scenario is more likely to happen, because BTC has already rebounded from the morning low of $59,102.70, and the current price of $61,182.73 is already close to the prior high of $62,973.20. This suggests strong buy-side support.
I am bullish on BTC and ETH—especially when their prices are near $61,000 and $1,600. I will consider adding to my position, depending on the subsequent market trend and changes in TVL.
#DeFi #看多BTC #加仓ETH
🚀