The Crypto Market is in Flux: Seize the Opportunity and Embrace the Next Bull Run!

The Crypto Market is in Flux: Seize the Opportunity and Embrace the Next Bull Run!Today's Market Analysis:BTC:Bitcoin has broken through the short-term resistance level of 59602 analyzed yesterday, indicating that the daily consolidation is entering its later stages. The tipping point for a breakout is approaching

The Crypto Market is in Flux: Seize the Opportunity and Embrace the Next Bull Run!

Today's Market Analysis:

BTC:

Bitcoin has broken through the short-term resistance level of 59602 analyzed yesterday, indicating that the daily consolidation is entering its later stages. The tipping point for a breakout is approaching. However, the direction of the breakout remains unclear, as long-term support and mid-term resistance are still contracting and have yet to be broken. The price is currently hovering between 60920 and 55477. We recommend a high-sell, low-buy strategy within this range.

• Short-term Resistance Range: 60062 to 60467

• Mid-term Support Range: 55477 to 55845

The hourly chart shows that Bitcoin still has the potential to rally further, so it is not advisable to rush into short contracts.

ETH:

From a daily indicator perspective, Ethereum is still 1-2 daily bars away from entering the overbought zone. The first gray area above, which is also the upper boundary of the box, is roughly around the 3270 area (or possibly the 3250 area). Specific price resistance and support levels need to be judged based on the real-time performance of the candlestick in the market.

Small Meow's Opinion: Bounce and sell.

Regarding Altcoins:

• XRP: XRP, recommended by Small Meow yesterday, has taken off and is performing outstandingly.

• PEOPLE: While it gained more than 20% in the 3 hours after we recommended it, we need to be cautious and avoid FOMO. After all, this is just a rebound from a 0.14-0.04 drop, so it is best to rationally reduce your holdings and maintain reasonable positions.

Key News Today:

On the afternoon of the 13th local time, former US President Donald Trump gave a speech at a campaign rally in Pennsylvania, during which gunshots were heard. According to reporters, the Butler County Attorney in Pennsylvania confirmed that the suspect was shot and killed. One rally attendee was shot and killed. The exact number of casualties has yet to be determined. The Trump campaign team said that Trump is safe and stable after being checked by local medical institutions.

Meanwhile, MEME coins related to Trump surged in price. TRUMP rose over 40% in half an hour, and MAGA rose over 35%.

How will the crypto market respond to the impact of this sudden event next week?

Here are some potential coins not to be missed:

1. TrueFi (TRU):

• Strong Support Trendline: The price of the $TRU token is showing signs of a bullish cycle gathering momentum.

• Bottom Reversal: The price action of the TrueFi token indicates a bottom reversal, reclaiming the 0.13 USD level of the 23.60% Fibonacci retracement.

• Bullish Engulfing Candle: The altcoin price action formed a bullish engulfing candle with a 9.29% intraday gain, signaling that the uptrend will continue.

• MACD Indicator Bullish Crossover: Further enhances the bullish cycle.

It is expected that the price of the TRU token will continue to rise and potentially reach a peak of $0.25, especially considering the upcoming launch of Ethereum ETFs.

2. MOG (Mog Coin):

• Bullish Channel Pattern: The MOG price trend displays a bullish channel pattern.

• Daily Chart Upward Trend: The daily chart shows an upward trend.

• Avoid Evening Star Pattern: The meme coin avoided the evening star pattern near the top resistance with a 2.21% intraday gain.

• Challenging Fibonacci Retracement Levels: Based on the Fibonacci retracement from March to April, the MOG price is challenging the 1.618 level.

With a potential trendline breakout and market recovery, the MOG price is poised to reach the 2.618 level, or $0.000002532, with ease.

3. NOT (Notcoin):

• Inverse Head and Shoulders Pattern: Notcoin is forming a classic bullish pattern an inverse head and shoulders pattern.

• Breakthrough of Neckline Resistance: The pattern usually consists of three lows: a lower middle low (head) flanked by two slightly higher lows (shoulders). When the price breaks through the neckline formed by the connection of the left and right shoulders with significant volume, the pattern is complete.

• Price Target: At that time, the price is expected to rise to a level equal to the distance between the head low and the neckline.

If Notcoin breaks through the neckline resistance of about $0.017, its price target could surge to around $0.031, representing an increase of over 100% from current levels. However, if the price falls below the lowest point of the right shoulder (around $0.0133), it could decline toward the May support level around $0.011.

4. JITO (Jito Network):

• Dual Benefits: Jito is a staking protocol where users can earn staking rewards based on the Solana ecosystem by staking JITO, as well as MEV rewards.

• Liquid Staking Protocol: Jito is the first liquid staking protocol on Solana that offers both MEV rewards and staking rewards. This is the key reason why it can provide higher returns.

As the SOL ecosystem continues to develop, JITO is expected to attract more users and drive its price up.

5. FLOKI (FLOKI):

• Opportunity Brought by Ethereum ETF Listing: As the Ethereum ETF is set to launch next week, Ethereum-based Meme coins are an excellent choice for rapid appreciation.

• Possible Double Bottom Formation: The sustained sideways trend after a significant drop suggests a trend reversal for the altcoin.

• MACD Bullish Crossover: The possibility of a bullish crossover in the MACD is increasing, further strengthening the bullish momentum.

• Fibonacci Levels: According to Fibonacci levels, the bullish run of the FLOKI price could reach a high of $0.00039 as the Ethereum ETF launches.

Summary:

The crypto market is volatile and full of challenges and opportunities. Being in a bull market, opportunities and risks coexist. We need to follow the market rhythm, continuously learn and explore, seize every investment opportunity, and only then can we achieve success in the crypto market.

Friendly Reminder:

• The above content is for reference only and does not constitute any investment advice.

• Investing involves risks, and entry into the market should be cautious.

• Any investment decisions should be based on your own risk tolerance and a thorough understanding of the market.

Remember, the crypto market is a highly volatile market with high risks. Before making any investments, be sure to conduct independent research and consult with professionals. Wishing you all the best in your investments!