Attention⚠️Attention⚠️This wave of market movement is different from the previous one where BTC hit 94,000 and ETH 3400!

Simply analyzing from technical and market sentiment perspectives, the last wave from 8 to 9.4 was a rebound after an oversold condition, driven by short-term oversold rebounds and short covering!
This round of market movement has formed a local bottom after oscillating between 8-9! As selling pressure is digested during the oscillation, the selling diminishes, and the bulls gradually strengthen! Institutional investors are more willing to buy long positions! This has driven a clear bullish signal in the technicals last week on January 1! BTC and ETH formed a golden cross on the weekly chart last week! This further encouraged more investors to turn bullish, beginning to form a short-term strong bullish trend! Historically, every time a weekly MACD golden cross occurs, there has been a significant upward movement! Currently, the price has also stabilized above the strong-weak dividing line!
This market trend is expected to continue, with ETH's first target above 3600, reaching the middle band of the weekly Bollinger Bands! BTC's first target is expected to challenge the 98-99 range!
But this market is not a bull return!
In the short term, Meme's assault team mission is temporarily complete! As mainstream assets start to move, meme liquidity will weaken! Be cautious when chasing longs!
For those who missed out, look for mainstream altcoins with application-layer potential and room for a rebound! For example, $ASTER $ZEC and others are expected to challenge previous resistance levels! #比特币六连涨 #Meme币板块回暖