The market analysis
Yesterday, the price of Bitcoin ($BTC) rebounded after a sharp decline, and the main control line was near $62,019. However, the current 4-hour chart shows a downward pressure level, making it difficult for this rise to continue, so caution is needed in chasing the rise. Short-term chips should pay attention to timely profit-taking after the rebound. To achieve sustainable growth, it is also necessary to wait for the gradual breakthrough and turning of small-scale moving averages.
Bitcoin started to rebound yesterday, but the rebound was not very strong. It is expected to continue to oscillate and adjust repeatedly to verify the bottom support position, and then there will be an overall improvement after July.
The recent performance of altcoins, especially meme and AI sectors, has been impressive and worth paying attention to.
Tsuki1567
Bitcoin and Ethereum did not lead the rise, but the altcoins took the lead, which is undoubtedly a good signal for the market! Currently, the overall spot prices of altcoins have started to rebound. I mentioned yesterday that the market is about to turn around! Brothers, there is no need to panic. After a month of decline, the rebound may only take two to three days. The experience of a roller coaster is part of growth!
Continue to hold spot positions, focus on the leading coins in various sectors, and give up the past obsession, try new coins instead of old coins. Currently, the prices of many altcoins are at the bottom, and it is necessary to sell decisively when there is a timely increase.
Bitcoin has retraced to around $60,000 and rebounded to $70,000 in the last few times. Will it be the same this time? Which currencies are worth your attention!
1: The recent market rebound momentum is strong, with meme and AI sectors performing particularly well. New coins, due to low circulation and high control, will be the first to rebound once the market turns around. Their cost-effectiveness is evident after this deep washout. In the meme sector, leading coins such as $pepe, $wif, $bonk, $people, $floki, and $bome are worth paying attention to.
Recently, PEPE coins have performed particularly well in the MEME coin market. While the daily MA120 of most coins has fallen, PEPE is still firmly above the MA120. Recently, PEPE has even successfully recovered the MA60. However, the current candlestick is just rebounding near MA30 and is under pressure from MA30. If it fails to break through 0.000013, there may be a situation of a high and then a fall, so it is not recommended to chase the rise. If there is a secondary retracement and it approaches around 0.0000115 and below, then it is advisable to gradually increase the spot positions.
In the new coin sector, $lista, $io, and $ulit have shown great potential. $lista may be a Binance project with a low market value; $io is a rising star in the AI sector and can be compared with $rndr; $ulit has a low market value and has been fully washed out, and there may be positive news released by the end of this month.
Personal favorites
TON
Even with the market falling, TON remains stable. With the support of Telegram’s 800 million users, TON has a huge potential for going mainstream.
Toncoin broke through $7.67 on June 13, forming a bullish ascending triangle pattern. However, on June 15, the price was resisted at $8.29, leading to a retest of the support level at $7.67. A rebound from this support level will indicate a continuation of the bullish trend, possibly pushing the TON price up to $10.
Reasonable layout, waiting for opportunities. It is still uncertain whether the market is stabilizing, so entering the market in batches is the most prudent strategy.
