The market analysis
Yesterday, the price of Bitcoin ($BTC) rebounded after a sharp decline, with the main control line near $62,019. However, the current 4-hour chart shows a downward pressure level, making it difficult for this rise to sustain, so cautiousness is needed in chasing the rise. Short-term chips should pay attention to timely profit-taking after the rebound. In order to achieve sustainable growth, it is also necessary to wait for the gradual breakthrough and turning of the small-scale moving averages.
Bitcoin started rebounding yesterday, but the strength of the rebound was not very strong, and it is expected to continue to oscillate and adjust repeatedly to verify the bottom support position. After July, there will be an overall improvement.
Shanzhai has performed well in the past two days, especially in the meme and AI sectors, which everyone should focus on.
Bigcoin and second-tier coins did not lead the rise, but instead, it was the shanzhai coins that took the lead, which is undoubtedly a good signal for the market! Currently, overall shanzhai coins have started to rebound. I mentioned yesterday that the market is about to turn for the better! Brothers, there is no need to panic. After a month of decline, the rebound may only take two or three days. The experience of a roller coaster is part of the growth process!
Continue to hold spot positions, focus on the leading coins in various sectors, abandon previous obsessions, and try new coins instead of old ones. Currently, many shanzhai coin spot prices are at the bottom, and it is necessary to take decisive action at the right time to capture a rise.
Bigcoin has rebounded to around 60,000 and then rebounded to 70,000 in the past few times, will it be the same this time? Which coins are worth your attention!
1: The recent market rebound momentum is strong, especially in the meme and AI sectors. New coins, due to their low circulation and high control, will be the first to rebound. After this deep washing, their cost-effectiveness has become prominent. In the meme sector, the leading $pepe, as well as $wif, $bonk, $people, $floki, and $bome are all worth paying attention to.
Recently, PEPE’s performance in the MEME coin market has been particularly outstanding. Although the daily MA120 of most currencies has fallen below, PEPE still firmly stands above the MA120. Recently, PEPE has even successfully recovered the MA60. However, the current K-line has just rebounded to near MA30, which is under pressure from MA30. If it cannot break through 0.000013, there is a risk of a high rebound. Therefore, it is not recommended to chase the rise. If there is a secondary retracement and it approaches near 0.0000115 and below, it is advisable to gradually increase 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 new star in the AI sector, and can be compared with $rndr; $ulit has a low market value, sufficient washing, and may have positive news released at the end of this month.
Personal favorites
TON
Despite the current market downturn, $TON remains stable. TON has the backing of Telegram’s 800 million users, and its potential for expansion is very promising.
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, causing it to test the support level of $7.67 again. A rebound from this support level will indicate a continuation of the bullish momentum, possibly pushing the TON price to $10.
Reasonable layout, waiting for opportunities. It is not yet certain whether the current market has stabilized, so entering in batches is the most prudent strategy.
The potential reversal of the cottage industry market Focus on the strong rebounding tokens with the potential to surge 10100 times in the future
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