$ETH $BTC
As the weekly line is about to end, the two giants Bitcoin (BTC) and Ethereum (ETH) have once again reduced the market's attention, while small tokens (altcoins) have remained active in the past week.
First, regarding Bitcoin (BTC), the market seems to foreshadow an upward change this week. Currently, its lower support area is located at $66,000−67,000, which is very close. The market is watching to see if there is enough momentum to push BTC to break through this range and continue to climb upward. Once it successfully changes upward and breaks through the current resistance, the target price of the next stage is generally expected to be between $95,000 and $120,000.
At the same time, Ethereum ($ETH), as the source of the recent strong performance of altcoins, has provided great confidence to the market overall, despite some market fluctuations after the ETF was passed. The key to Ethereum's next step is to break its historical high of $4,850. The market is optimistic about this, and many investors are waiting and looking forward to this moment.
In terms of altcoins, Binance's new coins performed particularly well, showing a collective outbreak. Among them, NOT coin achieved a more than 6-fold increase in just 8 days, which was remarkable and led to the rise of the entire new refining and gaming sector.
In addition, some strong altcoins also continued their excellent performance. For example, $PEOPLE coin saw an accelerated rise yesterday morning, and community members entered the market at $0.032, with a maximum increase of more than 4 times. Jasmy coin rose by more than 60% last week, and the highest increase has exceeded 13 times since the bottom ambush. High coin has also performed well in the past few weeks, ushering in an accelerated rise last week, and has risen by more than 8 times since the bottom.
Overall, although the two giants, Bitcoin and Ethereum, have temporarily reduced the market's attention, the active performance of small tokens (altcoins) is remarkable. There are many high-quality altcoins in the market that are ready to move, and investors can pay close attention to market dynamics and look for potential investment opportunities. However, investment should be cautious, and decisions must be made after fully understanding and assessing the risks.
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