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Today's intraday market continues the rebound from midnight yesterday. BTC has recovered and briefly surged to the level of 97300, while ETH gradually recovers and tests around 3255 due to insufficient gains at midnight. The current market data is typical of a whipsaw rhythm within the day, but it is actually a phase of accumulation and bottom-building. It may be difficult to directly reach a high height in the short term, but there is still a chance for continued upward momentum. The monthly trend is still healthy, and the hidden pump momentum is actually increasing, so there is no need to worry too much about the overall trend of long positions. In the short term, it has entered a rebound correction phase, with resistance to follow on the upside. Due to strong demand for short-term rebounds, it is recommended to go long on dips in the evening. Adjust the strategy if it breaks below.
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Will the currency circle usher in a bull market? The answer is definitely yes! Various signs indicate that the footsteps of the bull market are quietly approaching. From the BTC trading SUO inventory data, the current inventory continues to decline, reaching the lowest value in eight years. This phenomenon fully illustrates that retail investors in the current market are selling out of panic, while the big players are quietly storing BTC in their wallets. At the same time, the number of on-chain addresses holding more than one BTC has recently increased sharply. Between this decrease and increase, it reveals the quiet transformation of market long and short positions. The continuous hoarding behavior of the big players undoubtedly fills them with confidence in the future pump of the currency price. In this game of the currency circle, every market correction has become a touchstone for both long and short sides. Some people sell out of fear and miss the opportunity for future wealth appreciation, while others greedily absorb chips with keen insight and firm belief during the correction. In the current currency circle, we only need to stay calm, have firm belief, and patiently wait for the full outbreak of the bull market, just like waiting for the flowers to bloom. I believe that in the near future, the currency circle will usher in a new round of glory, bringing us different surprises.