After the recent violent rise, BTC finally entered a short rest during the Dragon Boat Festival like us. It is no longer like the thousands of points rise in the past two days, which makes people feel like they have returned to the bull market. Since the market has taken a rest, it also gives our friends who missed the opportunity to get on board again. Next, we have to pay more attention to the two places of 29500 and 28500. In particular, the position of 28500 is the top and bottom conversion position. If the market continues to rise in the future, then 28500 is the last chance to get on board in this stage of the market. If you miss it, you can only wait for the big cake to make a new breakthrough.
Opinions on Ethereum and Altcoins
By comparing the increase in the market, you should be able to clearly feel that it is really Bitcoin that has risen alone in the past few days. Let's take Ethereum as an example. At present, BTC has risen to about 6,000 US dollars in this wave, and the highest has reached 31,500. This position has reached the previous high of 31,000. Ethereum has only risen by about 300 US dollars in this wave, and it is still about 200 points away from the previous high of 2,140. Therefore, the rise of Ethereum is far from that of Bitcoin. If Ethereum is like this, let alone other copycat projects, most of which will perform even weaker. However, this does not mean that we don't need to pay attention to Ethereum and copycat coins. On the contrary, I personally think that the profit space for paying attention to Ethereum and copycat coins in the future may be much larger than that of Bitcoin.
As mentioned earlier, Bitcoin is the only cryptocurrency that is rising in this wave of market, while Ethereum and mainstream altcoins have not experienced particularly large fluctuations. Therefore, as long as the bullish trend does not end, there is a high probability that Ethereum and altcoins will make up for the losses in this wave. In addition, Bitcoin's market share has now reached about 50%, and the upward space is gradually shrinking at this stage. If Bitcoin's share decreases in the future, but the total market value of cryptocurrencies remains unchanged, then the altcoin season may be coming.
Ethereum's Cancun upgrade. Recently, this topic has been quite popular. Some projects have been quite active, especially OP and ARB, the two leaders of L2. They are still very popular now. So once the time of Cancun upgrade is determined, the market will definitely not miss this opportunity. After all, from last year to this year, the market of various upgrades of Ethereum has never fallen behind.
Friendly reminder, for projects like OP, ARB and Horseshoe, you can make some appropriate arrangements, and you will probably have good rewards in the future.
There are risks in the market, so you need to be cautious when investing. If you don’t understand, don’t do anything rash. I suggest that you learn to improve your abilities first. After all, you can never make money beyond your own cognition. If you want to gain something in the crypto industry, you need to have a high-quality circle so that everyone can keep each other warm and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry. If you want to keep each other warm or have any questions, please leave a message below for consultation.
