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Explosive surges and sharp drops! Bitcoin stabilizes above 90,000, Ethereum breaks 3,000! BNB is brewing a slow bull run! How to short altcoins? LIGHT, ICNT, FIREBALL

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In Q1 of 2026, Trump threatened to directly distribute money, so the chances are still quite high. However, we'll need to analyze each situation individually. Currently, only Alpha and futures contracts are truly profitable; the profitability of the primary and secondary markets is weakening.

Alpha coins like $GUN, $LISA, and $RTX will continue to rise slowly; contract coins like $LIGHT, on the other hand, will see a 4x surge followed by a rapid drop. Even with positive news in the secondary market, such as the burning of 100 million $UNI coins (representing 15.8%), the price only rose by a little over 20%. The overall on-chain activity is also quite low recently, with little buzz.

In the past 24 hours, a total of 117,970 people across the internet have had their positions liquidated, with a total liquidation amount of $195 million. Long positions were liquidated for $85.0635 million, and short positions for $110 million.

BTC

Bitcoin is currently forming a rounding top pattern on the daily chart, with the price repeatedly encountering resistance and falling back around 90,000-90,500. The key support level is around 85,000. A break above 90,500 would be beneficial for the future.

Trading suggestion: Consider long when the price falls back to around 88000-87500, with a stop loss at 87000 and a target of 90000-90500; if it breaks through 90500, the target is 91600-92000. If it fails to break through 90500, consider going short.

ETH

Ethereum's daily chart shows a head and shoulders pattern. The price touched the right shoulder high near 3080 this morning before falling back to around 3000 for consolidation. The support level is at 2800, with short-term support at 2906-2927 and resistance at 3080-3110. The overall bias is currently bearish, but a short-term rebound is possible. If the price can hold above 3080-3100, the trend could potentially turn bullish.

Trading suggestion: Consider long around 2980-2950, ​​with a stop loss at 2920 and a target of 3080-3110; if it breaks through, the next target is 3170-3200. If it fails to break through 3080-3110, consider short.

Copycat

Stop asking what's left to play on-chain meme BSC memes!

Either take a break and observe, or just hoard existing community coins. Dozens of new projects launch every day, but almost all of them are premature and short-lived. A market cap of tens of thousands is now the norm; finding gold in a garbage dump is practically impossible. Even the most promising projects have shut down. With even the leading ones struggling to make money, what makes you think you can?

BSC has entered a period of weakness, like taking too many hits in a short period of time; it will need time to cool down before it can regain its strength. If you really want to play, keep an eye on older coins like $Honeybee Dogs$, $Hakimi$, $Vulgar Penguin$, and $Success in the Horse$, and buy on dips to trade in waves.

Although it's slow and yields less profit, at least you can survive until the next round. For example, yesterday I bought over 700,000 worth of $UDOG. It will likely consolidate in the short term, and the upside will be limited. Once you enter the market, be prepared to hold it for the long term.

$LIGHT

I shorted LIGHT a day ago, and now it's a complete sell-off. It's clearly a harvesting spree, similar to previous AIA-type crashes: a sudden surge followed by distribution, hitting the far end in almost an hour and breaking through within two hours. The crash happened around 4 PM China time; who could possibly escape? This time, they've completely shaken out the bulls.

$ICNT

The ICNT strategy I recommended the day before yesterday has yielded a 5x return today. However, this coin is incredibly frustrating; if I hadn't dared to take the gamble, I would have run away long ago. Anyway, I sincerely don't recommend you play this way.

$FIREBALL

The leading project has already reached a market capitalization of 8 million, so it shouldn't be difficult for other copycat projects to break through 1 million, right? The buyback news only lasted two days, and as the market cooled down, the opportunity actually emerged. On-chain transactions still offer opportunities to make money, but the secondary market is rife with pitfalls and traps, making it increasingly difficult to navigate.

$BNB

BNB has performed reasonably well recently, but this kind of platform coin rally usually occurs in July and August each year. When there are no other themes to speculate on, platform coins start to be hyped, and at least a double top needs to be formed afterwards, which takes a long time.

$SOL

The support level for the price is between 121 and 120. The strategy is to wait for this level to go long again. The 131 level above is still an important resistance level. Only if it can hold above this level can it move up to 138.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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