BTC once broke through $99000, congratulations to BTC holders
Closed short positions to take a look, $BTC broke through a new high, which should be a scene of with jubilation, but from an Altcoin perspective, I didn't feel this atmosphere:
1, $ETH performed quite well today, up 5% in a day, currently at 1900; Here's the ETH chart before before breaking below 2000, but after breaking through, it hasn't formed a complete pattern yet. I can only say that the lower boundary of the previous range is a strong resistance level, and the closer it gets, the greater the pressure;
2, $SOL as the vanguard, after rushing to 150 this round, it has been weak. Honestly, I can't tell if if it's gathering strength or distributing here. Chart as follows:
3, Among the observed Altcoins, $TRUMP is still performing, $PROMPT is also okay, $GUN has been removed from watchlist. The last round's bulldozer performance was very poor. In summary, the market doesn't make me feel excited, so I'll get off first and see what happens;
1, This is purely a liquidation of contract liquidity, and the shorts on the Altcoins I mentioned are definitely not few;
2, For coins like TRUMP, the first wave of increase was large, and going straight up and down definitely doesn't in line with the market fund interests, shown in this chart:
Are Altcoins still viable? The future remains unclear
Although the super MEME season is gradually dying down, what I see is still old saying: "Capital never sleeps". Whether main funds or groups, they are actively exploring new directions in crypto, after all, MEME is a narrative unique to crypto.
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