Will BTC break through a new high of more than 80,000 in May?
As we all know, the current BTC market is fluctuating back and forth, and the market has entered a downturn. ETH is in a downward channel at the current daily level. The market is in an overall downturn, especially the current cottage market ups and downs are back and forth, there is no big independent market, and there is no leading coin in any sector to lead the rise, and there is no hot spot. Now the most is the upcoming European Cup, CHZ is the leading sector. For CHZ, we ambushed at a low price last year and doubled out at the highest. The price of this ambush is near the current price of 0.11-0.12. This price is ambushed in advance and waits for the follow-up. I personally think that it can reach more than doubled within three months. See if you can hold it. For other fan coins, just look at Binance's three musketeers. Don't make a major recommendation , you can pay attention to it. Secondly, there are LTC and XRP, the two old turtles that the old mainstream has been paying attention to. These two old turtles have not risen or fallen much, and the market has always been in a periodic sideways stage. However, from my point of view, these two old turtles are worth ambush, waiting for a subsequent outbreak stage, and the 0.5-0.6 range suggested by the public chain FTM in the early stage can be selected for key intervention. The subsequent space of this coin is still relatively large, and the current stage is also a suitable opportunity for intervention. In the long run, there can be a big market in the bull market. In the short term, it is possible to double the previous high of 1.2. BNB currently emphasized in the live broadcast a few days ago and Weibo that the price above 600 is when we pay the principal, and the rest can be kept for new issuance. It is not good to be greedy.
BTC's current market trend is that it has fallen out of the current upward channel at the daily level, but it is fluctuating in a high range at the daily level. According to the current market trend, as long as the key level of 60,000 is not broken, the bloodbath in the early stage of the cottage industry will not cause any big drop in the market, and it will not fall. For the current price of BTC, my suggestion is not to enter. You can see that if it is a choice between the big cake and the second cake, then I tend to choose ETH. Although BTC is volatile now, and the subsequent market is also bullish, it does not mean that entering the market now has a certain cost-effectiveness. You did not enter when it was more than 10,000, more than 30,000, and more than 40,000 in the early stage. Now Go in, the risk and return are not proportional, so it is not recommended. At the current daily level and four-hour level, 62,000 points is also a short-term support point. This position can be paid attention to recently. If it does not fall below, it will not touch the 60,000 mark again. However, once it falls below and touches the 60,000 support again, then this 60,000 node position may not be successfully defended. At the current market stage, we mainly wait for the market to move out of an upward stage. In the staged trend, we still need to pay attention to the breakthrough of 66,000, and reach the position of 68,000-72,000 to form an upward channel for the current trend.
The market stage of ETH from last year to this year is actually a weak market compared with the price and increase of BTC. Everyone in the currency circle should know that the increase of Bitcoin is about twice that of Bitcoin. So Bitcoin's increase broke the historical high. In fact, according to the current price of Bitcoin, it should reach more than 6,000 this year, but it did not, so Bitcoin is also in a weak stage. It can also be said that the current market is a false bull trend, because the overall market of Bitcoin and copycats have not exploded as a whole. We are also waiting for the outbreak of this stage. According to the current trend of ETH, the daily level is a downward channel, but the daily level touches the third point of 2,800 points and rebounds after the defense. Then the market trend should be a reversal market, rebounding to the previous support of 3,300 points in our first step stage trend, and the current resistance point begins to pull back. The current pullback is not very strong. ETH has not risen much in this round of market, so even if it falls in the future, it will not fall much. According to the overall comparison, what I emphasize is that the subsequent space of ETH is greater than the space value of BTC, and the risk is less than the risk of BTC, so I suggest buying ETH. According to the current trend, the best short-term defense of 3000 is to make a second low point to open the downward channel. The first step is to break the edge defense position of 3400-3500, and then go to the key node position of 3800 points. Only in this way can the upper space channel be opened and the new high of this year be broken to reach the 4200-4500 range. Only in this way can the market of the cottage get a big step back and break through. As shown in the figure: As for the trend of the cottage, especially BNB, there is no need to emphasize it for my fans As we all know, in the first half of last year, we were bearish from a high of over 300 to a bottom of over 200, and everyone focused on the two currencies ETH and BNB. Other positions were placed on the altcoins, ambushing at low points. If we reach our target value of above 600 this year, and there are still new freebies, my suggestion is to use the rest of the principal for new listings. If the subsequent market conditions are good and BNB still cannot strengthen, then you can only get out. If it can strengthen to the 800-1000 range, my suggestion is to get out of the game. You must get out.
You can pay attention to the coins mentioned at the beginning of the article
There are many copycats of FTM, XRP, LTC, JTO, INJ, etc. You can just pick the one you like and wait for it in the market
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