Yesterday, the market could not surpass the new high
Can today aim for a new high?
Yesterday, the market rose to 92200 and then dropped to 89400, nearly hitting the target I set, but shortly after, it increased again to 92500, then slightly decreased, currently hovering around 91000.
From the daily chart, it can be seen that BTC is still in a sideways state, and this sideways period has lasted for several days. Although there are currently many relatively positive news, we still need to pay attention to when this sideways state can effectively break out. If it continues to remain sideways like this, I personally believe that this is not good and could easily lead to a correction.
In addition, it can be seen that currently in the memecoin sector, most meme coins have relatively small fluctuations, the frenzy in the meme sector has decreased, reflecting that the market has begun to return to a normal state. As the market corrects more, this is an opportunity for those who have not bought in to enter gradually.
I believe that the current trend of the market is still upward, there is still a chance to surpass the new high, and I also think that this sideways state is about to end.
You can consider buying in the range of 89500-89000, targeting 92000-92500; if it breaks, keep an eye on the situation.
#Write&Earn
