Bitcoin and Ethereum continued to fall after a period of rebound. This second bottoming out broke the psychological defenses of many people! Bearish sentiment spreads!
As for Altcoin, there is really no bottom for the decline, and each decline may be a halving. When a phased rebound occurs, you can hold a large position, but the stop loss space must be controlled within 10%. Just like the rebound in February, we successfully caught GALA and NEIRO, and the other rebound spaces are also 30-50%.
There are still opportunities for subsequent rebounds. If you do a good job of risk control, you can seize more opportunities before the bull market comes. If you don’t have strict control, the next market may have nothing to do with you, and you can only wait for the bull market to unwind.
There is a saying in the crypto: "When others are greedy, I am fearful; when others are fearful, I am greedy." Bitcoin is 30% off and Ethereum is 50% off. Isn't this a good opportunity to buy? The Federal Reserve may cut interest rates three times in the second half of the year. I don't think this year will be a bear market. This is just a short-term correction caused by Trump's trade war.
For the bottom of Bitcoin, I think $78,000 and $73,000 are two key support levels , and now it is very close to the bottom. What do you think?
Binance blocks Web3Port, GPS and SHELL plummet, triggering market doubts
Over the weekend, the crypto received shocking news - Binance suddenly froze the account of market maker Web3Port . Its trading products GoPlus (GPS) and MyShell (SHELL) suffered a brutal plunge after listing, exposing the undercurrents in the market.
- GPS: After listing on Binance, it fell from $0.14 to $0.04, a 60% plunge, and buying liquidity was almost exhausted.
- SHELL: It continued to fall from $2.3 to $0.3, and its market value evaporated by 60%.
Shell and GPS are just a microcosm:
The trends of the two are like wheat fields that have been harvested accurately, which has caused the market to question Binance's recent listing mechanism. Today's Binance has become like Huobi in the past, frequently becoming a harvesting ground for leeks. What's more ironic is that after the market maker's method of harvesting leeks was exposed, it was even forwarded by CZ , which further fermented the incident.
Return to the cottage:
ARB fell to 0.35U, 99% of holders lost money, can the altcoin season still come?
Seeing ARB fall to $0.35 and 99% of holders in deep loss, I can’t help but feel sad. I once opened a position at $1.21 , held it for two years and exited at $1.17 , and didn’t take profit when it doubled to $2.4 , and ultimately couldn’t escape the fate of loss.
Investment is ruthless. Most people look forward to the copycat season, but what they get is a continuous shrinkage of their account balances. Even if the copycat season really comes and the price rises three or five times, it seems difficult to make back the investment.
Can Solana break out? Breaking through $155 could bring strong gains
Many traders believe that if Solana can break through $155 , it could see a wave of gains towards $180-$185 and possibly even break through the psychological $200 mark. However, if SOL fails to sustain above $125 and falls below $115 , it could result in a pullback and even a drop to $80 or $75 , which would be a heavy blow to investors.
Despite the uncertainty, market indicators show a potential shift. The Bull-Bear Power (BBP) indicator is starting to turn from bearish to bullish, and the RSI shows increasing buying pressure and market confidence. In addition, large investors recently transferred $71.95 million in SOL , which usually indicates that major changes are about to happen in the market.
Solana is currently at a critical crossroads for investors. A break above $155 could bring new opportunities, while a fall below $115 could present greater challenges. Nevertheless, Solana still has the potential to become a market game-changer, similar to the rise of Bitcoin and Ethereum .
AVAX tests key support level, future trend in doubt
AVAX is currently forming a symmetrical triangle pattern on the 4-hour chart , with the price testing the $19 support level, which has held firm in recent activity and could signal a rebound. The current price is $19.56 , up slightly by 0.20% over the past 24 hours.
If AVAX can break through the upper boundary of the triangle, it may rebound in the short term. However, if the $19 support level is lost, the price may fall further, leading to a deeper correction.
On-chain signals indicate bearish sentiment: Net network growth is -0.67% , indicating a decline in network activity; the “in-the-price” indicator is down 0.79% , indicating a decrease in profitable investors; and large transactions are down 1.87% , indicating a lack of bullish momentum among large investors.
In addition, 80.09% of AVAX holding addresses are in a loss state, and only 5.98% are in a profit state. If the price falls below $19 , it may intensify selling pressure and lead to further declines.
AVAX faces a critical moment and the next few hours will determine whether it rebounds or breaks below the support level. As on-chain signals are biased towards bearish, the risk of a breakdown is high. If the $19 support fails to hold, AVAX may face more downward pressure.
The current operation of Altcoin is like a " Russian nesting doll " - investors who were trapped at the highs at the end of 21 have fallen by 80% , hoping to get their money back in this bull market, but those who got on the train last year have also been trapped by more than 80% , and the price has hit a record low. Those who enter the market now may be the next ones to be deeply trapped by 80% .
When to buy the dips: Wait for MACD to diverge or market sentiment to be extremely depressed before taking action. Current exchange data shows that large investors are not willing to buy the dips, and the exchange is still in a state of net inflow , which reduces the market's attractiveness.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in the bull market, welcome to follow the public account, Crypto Xiao Miaoy, bull market spot passwords, layout strategies, free sharing. Let us embrace the bull market, improve our winning rate, and say goodbye to being trapped at high levels.
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