Bitcoin (BTC)
The "king of crypto" finally rallied past midnight, peaking at $15,500—a 12% increase. However, the afternoon push lacked momentum due to:
- Capital diversion to top performers like XRP, ADA, and XLM.
- Market sensitivity to China’s "limited electricity supply" policy for Bitcoin mines (misinterpreted as a crackdown).
Key Levels:
- Support: Hold above $14,500 to avoid a restart.
- Resistance: Immediate at $15,500, but sustainable momentum could break this easily.
👉 Why Bitcoin’s Decentralization Matters
Bitcoin Cash (BCH)
- Yesterday’s call: "Just exiting consolidation—still time to board." BCH then surged to $2,775 (+11%).
- Strategy: Exit during "fake breakout" spikes (e.g., midday today) and re-enter below $2,500.
Ethereum (ETH)
- Buying opportunity below $815 (tested last night).
- Critical support: $805**; breakout above **$888 signals further highs.
Litecoin (LTC)
- Consolidating after a midnight dip entry.
- Bullish if: Holds $240**; next target **$280.
Stellar (XLM)
- Performance: +41% yesterday → $0.46**; today +73% → **$0.80.
- Total 2-day gain: 100% from $0.41.
- Advice: Hold for momentum; new buyers must monitor closely.
👉 How to Trade Altcoins Safely
FAQ
Q: Is China banning Bitcoin mining?
A: No—only electricity restrictions. Long-term, this decentralizes mining, benefiting Bitcoin.
Q: When to sell BCH?
A: During sharp spikes (like today’s midday surge), then re-enter lower.
Q: Should I buy XLM now?
A: Risky—best for active traders; hold if already positioned.
Note: Prices from Bitfinex (except XLM/Bittrex). Not financial advice.
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