During the Spring Festival, the price of Bitcoin continued to rise, leading the market value of cryptocurrencies to rise sharply, but the proportion of Bitcoin’s market value continued to decline; from a slightly longer-term perspective, since 2021, the proportion of Bitcoin’s market value has dropped from 72.9% to the current 61.2% %, the total market capitalization of the cryptocurrency market rose from US$760 billion to around US$1.577 trillion, and the DeFi ecology and Polkadot ecology continued to prosper. Regardless of primary market investment or secondary market transactions, it is necessary to keep up with hot spots, choose excellent targets, increase the fault tolerance rate within the controllable range, and reduce investment risks.

BTC/USDT review analysis

Bitcoin has closed positive for two consecutive days, and the daily line maintains a bullish pattern. The target of the bulls above is focused on 55,000. The 4H level is shown in the figure. Bitcoin formed a rising wedge during the Spring Festival. It is currently breaking through the upper track. There may be a short-term step back, so pay attention within the day 50500 line; the effective support below focuses on 48500-49600 (the smaller blue rectangular area in the figure).

ETH/USDT review analysis

Ethereum closed yesterday to form a pregnant line structure. Today, the closed line broke through the pregnant line. It has nearly doubled the sub-line space to the new high. The target of the bulls above is the integer 2000. The 4H level is shown in the figure, and Ethereum has successively formed two The rising wedge structure at the 4H level, generally speaking, the changes within the wedge shape are disorderly. If you want to trade within the structure, try to find low-cost trading opportunities; in the short term, the lower support focuses on the lower edge of the sub-line of the harami structure Around 1724, focus on 1500-1550 in the medium term (the blue rectangle in the figure).

DOT/USDT review analysis

As shown in the figure, multiple harami structures were formed during the rise of the Polkadot 4H level, each of which has more than double the sub-line space. In the future market, you can focus on the harami structure strategy to participate in trend trading. Harmony structure signal.

This article is for reference only and does not constitute any investment advice