According to Hua Ge,特邀analyst of Bibao Express, recent Bitcoin has almost no profit effect, causing some funds to start speculating on second- and third-tier cryptocurrencies. In recent days, these mid-cap coins have shown decent profitability, with most delivering over 20% gains. Once these funds exit the second- and third-tier coins, they will eventually flow back into Bitcoin and major cryptocurrencies, triggering a strong market upswing.
Regarding today's market action, BTC continues to trade in a narrow range—capped by resistance at the 60-day moving average above, while finding strong buying support around the 9000 level below. The result is price being stuck in a sideways pattern without clear direction. Hua Ge expects this adjustment phase won't last long, with a real breakout likely by the end of the month. Currently, market interest is focused on promising new-generation mainstream coins with positive catalysts—ADA and LINK remain particularly strong. Operationally, holding positions is still recommended. Next, close attention should be paid to ZEC. Resistance at 9400, support at 9150. Follow us on WeChat Official Account: 币圈花哥. (The above content represents the analyst’s opinion and does not reflect the stance of Bibao Express.)
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