The currency (BTC) The dominant position of has changed from 10 month 20 The date of the day 48% Down to 11 month 7 Japanese 42.3%, The total market value of cryptocurrency continues to grow . This shows that , Price action has shifted from bitcoin to Shanzhai currency .

CryptoQuant CEO Ki Young Ju Express , Bitcoin whales are selling , But this did not lead to a fall below 60000 Strong support for the dollar . He also pointed out that , Bitcoin reserves on exchanges continue to decline , It shows that the buyer's demand is strong .

Cryptocurrency market data daily view   source :Coin360

according to PlanB The investigation of , Most market participants are still bullish on bitcoin , And expect 2022 It will rise to... At the beginning of the year 288,000 dollar .

Real Vision founder Raoul Pal stay 11 month 3 The bullish prospect of cryptocurrency was also predicted in the interview on the th . He said , The current bull market is unlikely to end this year 12 The moon peaked , It may last until next year 3 Month to 6 Between months .Pal expect , The etheric fang 2.0 Possible launch of , And Ethereum (ETH) Exchange traded funds are 2022 Possibility of approval in the first half of the year , Will attract institutional investors , And triggered a sharp rise .

Against this bullish backdrop , Let's analyze the chart of the top five cryptocurrencies that may stay focused and perform well in the short term .

BTC/USDT

Bitcoin in 11 month 2 Japan broke through the bullish triangular flag pattern , But buyers cannot take advantage of this trend and push the price to 64854 USD to 67000 Above the resistance zone of the dollar . This shows that bears have not given up , And try to stop the rise .

BTC/USDT Daily charts   source :TradingView

However , A positive sign is , Bulls are actively defending 20 Daily index moving average (EMA,60,794 dollar ). The buyer will try again , Push the price above the upper resistance zone .

If they can succeed , The bullish momentum may pick up ,BTC/USDT May be directed to form targets 89476.12 Dollar rise .

If the price breaks through and falls back into the triangular flag pattern , This bullish view will fail . then BTC/USDT It could fall to 50 Daily simple moving average (SMA,54,883 dollar ).50 Daily simple moving average and 52,920 The area between the US dollars may attract strong buying support from bulls .

BTC/USDT 4 Hour chart   source :TradingView

4 The hour chart shows ,BTC/USDT stay 63,732.39 The dollar and 59,500 The dollar is choppy . A flat moving average and a relative strength index slightly above the midpoint (RSI) It shows a balance between supply and demand .

If the price rebounds from the moving average , Bulls will again try to push prices above 63,732.39 The dollar and 64,270 The upper resistance zone between the dollar . If they can do this ,BTC/USDT May retest historical highs .

contrary , If you fall below the moving average , It may BTC/USDT Pull it down to 59,500 to 58,000 Strong support for the dollar . If this area falls below , Bears will have the upper hand . then BTC/USDT May be revised to 55,267.61 dollar .

DOT/USDT

DOT stay 11 month 1 The day soared and broke through 49.78 The upper resistance of the dollar .RSI Break through the downward trend line , Invalidate a negative deviation . This indicates the recovery of the upward trend .

DOT/USDT Daily charts   source :TradingView

The bears tried to pull the price back to 11 month 6 Below the daily breakthrough level , But the long hatching indicates , Bulls are buying on bargain hunting . Rising moving averages and near overbought areas RSI It shows that the path with the least resistance is upward .

If bulls push prices to 55.09 More than $ ,DOT/USDT It could go up to 63.08 dollar . Bears may have other plans , They will try to reduce the price to 49.78 Below the breaking level of the dollar . This trend will indicate a lack of buyers at a higher level .

If you break through and close in 20 Japan EMA(46.82 dollar ), Will be the first sign that bulls may lose control ,DOT/USDT Then it may fall to 50 ma (38.54 dollar ).

DOT/USDT 4 Hour chart   source :TradingView

4 The hour chart shows ,DOT/USDT Rise in a rising channel . Although bulls push prices above the channel , But they failed to build on that . This shows that , Bears are vigorously defending this resistance level .

DOT/USDT Bounce from the centerline of the channel , Bulls will try again to clear the obstacles above . If they succeed ,DOT/USDT May regain momentum .

in addition , If the price changes from the current level or above resistance to decline and falls below the center line ,DOT/USDT May fall to the support line . Rebound from this level will keep the upward trend unchanged , But if it falls below that level , It will indicate that the trend may change .

LUNA/USDT

Terra protocol Of LUNA The token is in 11 month 4 Break through and close at 49.54 Above the high resistance level of the dollar . Bears in 11 month 5 Day and 6 Japan tried to pull the price back below the breakthrough level , But it cannot be maintained at a low level . This shows that , Bulls are buying on bargain hunting .

LUNA/USDT Daily charts   source :TradingView

If bulls push prices beyond 53.18 dollar ,LUNA/USDT May bounce back to the wedge resistance line , Short positions are expected to form strong resistance there . If bulls push prices above the wedge line , The bullish momentum may pick up .

perhaps , If the price changes from the current level or above resistance to decline , that LUNA/USDT It may fall to the wedge-shaped support line . If you break through and close below this support line , It will indicate that the trend may change . then LUNA/USDT It could fall to 35 dollar .

LUNA/USDT 4 Hour chart    source :TradingView

Bulls push prices above the resistance line of the triangle , It shows that they have overcome the resistance from bears . The seller tried to pull the price back into the triangle , But bulls actively defended the breakthrough level .

4 The two moving averages on the hourly chart are inclined upward ,RSI In the positive region , Indicate to the buyer's advantage . If bulls push prices beyond 53.18 dollar ,LUNA/USDT May rise to 62.59 The dollar's form goal .

AVAX/USDT

In the past three days 79.80 After trading near the upper resistance level of the dollar ,Avalanche(AVAX) It has broken through this resistance level . This indicates a possible return to the upward trend .

AVAX/USDT Daily charts   source :TradingView

Rising moving averages and in overbought areas RSI indicate , Bulls are controlling . If the price stays at 79.80 More than $ ,AVAX/USDT It could go up to 93.04 dollar , Then try to challenge 100 The psychological level of the dollar .

Contrary to this assumption , If the price goes down from the current level and falls back 79.80 Below US dollar , This will show that the market has rejected a higher level . then AVAX/USDT It could fall to 20 Japan EMA(69.51 dollar ).

AVAX/USDT 4 Hour chart   source :TradingView

4 The hour chart shows the formation of arc bottom shape , The form is breaking through and closing 79.80 Above $ . If the Bulls keep the price at 79.80 More than $ ,AVAX/USDT May start moving north , trend 108.56 The dollar's form goal .

The first important level to focus on when going down is 79.80 dollar . A rebound from this level will indicate that bulls are actively buying on bargain hunting , This will increase the possibility of resuming the upward trend .

conversely , If it falls through 79.80 dollar ,AVAX/USDT  May fall to 72 dollar . If it falls below this support level , Will indicate that bears are back in the game .

EGLD/USDT

Elrond(EGLD) stay 11 month 3 Japan broke through the previous historical high 303.03 dollar , It's a positive sign . Bear market in 11 month 5 Day and 6 Japan tried to pull the price back below the breakthrough level , But it didn't work .

EGLD/USDT Daily charts   source :TradingView

This shows that , Bulls are trying to defend the breakthrough level , And turn it into a supporting position . If you break through and close in 329 More than $ , It will be a signal to resume the upward trend . ascendant 20 Japan EMA(281 dollar ) And close to the overbought area RSI It shows that the path with the least resistance is upward .

Contrary to this assumption , If EGLD/USDT From the current level to decline , And fell below 303.03 dollar , The next stop may be 20 Japan EMA. A strong rebound from this support level will keep the upward trend intact , But if it falls below this support , It may open the door to deeper corrections , until 50 ma (249 dollar ).

EGLD/USDT 4 Hour chart    source :TradingView

4 The hour chart shows a rising triangle , The form is breaking through and closing 303.03 Above the dollar . The goal of this form is 427 dollar , But the rebound may not be linear , Because bears may be in 355 The position of the dollar poses a fierce challenge .

Fall through 20 Japan EMA Will be the first sign of weakness . This may drive the price down to 303 The breakthrough level of the dollar , This is an important support that bulls need to defend . If this support cracks ,EGLD/USDT It could fall to 50 Japan SMA, Then fall to the trend line of the triangle .