The stage before the big bull market begins. The first and second quarters of every year are periods of high volatility in the financial market. Looking back at the previous rounds of bull markets, it is quite clever that they all started 3-6 months after the pie was halved, that is, in the middle to late half of the year.
As for where this wave of correction will go, no one knows the specific location. I have said many times that the market trend is determined, not predicted. Don't be obsessed with trying to get to the bottom of the market and do the cycle. I still say the same thing, buy small when it falls, buy big when it falls. In this way, there is really no psychological burden, and there is no fear of ups and downs.
Now when buying altcoins, you must not pay special attention to the position, nor go for high-multiple contracts. An error of 3% or even 5% is acceptable, so the current position is meaningless to me. Eat more. That 3% will make me rich? If I eat less of those 3%, I won’t be rich? No, why bother yourself? Just go with the flow! This is also the direction of operation that will be changed in the future.
At this stage, it is very easy for copycats to experience rotation in some hot spots. The sector that performed better during the day was the Ethereum-related part. Ether’s nearly eight-point increase was also behind the market, but it is expected to be difficult to maintain. In the short and medium term, the post-Cancun bubble of Ethereum is almost exhausted, and some main chains are expected to reach new highs, among which the focus is still on arb, op, ssv, etc.
Then there are the sequences that can definitely rotate on the timeline, such as the HK Carnival starting in April, the European Cup in June, etc. The concept will definitely create hype. Regarding the Ethereum spot ETF in May, there is currently bad news in the market. The Ethereum Foundation has been investigated, and the proposal that ETH is a security has been put out again. Communication q+榦: 1742540051 I won’t talk about the Ethereum ecology. There is quite a lot to say. I would like to emphasize that if there is a more gratifying correction in Ethereum, it must be right to just cancel it.
The market's current retracement support level is around 64500, and we still need to watch this support level during the day. The top is currently facing resistance at 68,000, which is currently a short-term resistance level. At present, the resistance level remains unchanged, and we continue to look at around 68,000. The key point is to look at the key mark of 70,000. Only by breaking the previous mark of 70,000 can we once again obtain a larger space value and achieve a new high performance again.
The ETH market also encountered resistance and retreated to the support level yesterday, reaching a resistance level near 3600. Then the retracement is carried out near the support level of 3400, which is just right. According to the current four-hour trend, 3600 is still the current short-term resistance level. You can continue to pay attention to this position.
In addition, the upper side needs to stand firmly on the 3800 line to open up the upper space value. Everyone can pay attention to the resistance in the current two stages. The support level below that needs attention remains unchanged, which is in the 3360-3400 range #BNBChain #BOME #ID #BTC #CFX
