Market Insights
As expected, a rebound occurred after hitting the EMA200.
The lower blue line (1H EMA200) dipped and closed at 4 AM this morning, and the market entered a rebound over the weekend. In fact, given that large holders were continuously offloading last week, the weekend may not necessarily be unfavorable for the market. This is because potential large holder selling pressure/OTC might take a brief pause, reflecting the market's natural response.
After 117200, we still hope to test upwards towards 123200. TP1 might be in the 121000 range.
Altcoins also saw a significant pullback yesterday, and I believe dips are still for buying. I have increased my positions in BONK, POPCAT, and WIF FARTCOIN.
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin
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