Bitcoin has been falling recently, but there are signs that the decline has stopped. The sudden drop in the early morning was quickly recovered, leaving almost no gap.
In the short term, it's highly likely that the market will consolidate sideways for a period to form a bottom. Long want to go long, monitor the 4-hour candlestick chart and wait for a divergence signal before entering. You can place a buy order around 88500, which is right at the key support line after a double bottom. Set your stop-loss based on the recent short-term low. If you can successfully enter the market, you could potentially earn over 3000 points, which is worth a try.
Ethereum's slight price movement also suggests a potential bottoming out. It's highly likely to consolidate sideways for a few days to repair indicators before a rebound. Now is a good time to prepare for long positions. The shrinking short-selling volume indicates a low probability of further declines below short-term lows. Furthermore, the sharp drop and subsequent quick recovery in the early morning suggests ample buy the dips interest, which is indeed a signal of a bottoming out.
However, the rebound on the 1-hour chart is somewhat weak, and there's a high probability of another drop, which could be considered a minor double bottom. Target order prices can be placed in the 2900-2930 range, with stop-loss orders set based on the low of the overnight price spike. If you can successfully enter the market, you could potentially earn around 200-300 points, making it worth a try.
The next opportunity for the BSC On-Chain meme track should be just around the corner. I bought some $beepes!
My judgment logic is very simple: I look at the potential of the combinations memes + Cryptowinter and memes + Beepe.
The current situation is that if $memes can steadily maintain a market capitalization above 10 million, it will likely continue to rise. However, considering liquidity issues, when it rises, it will probably bring along another small-cap stock with a market capitalization of around 1 million. Many of the older stocks that were previously favored have now fallen below 1 million in market capitalization, so there's no need to pay attention to them anymore.
Only Cryptowinter has managed to maintain a market capitalization of over $1 million even during the Crypto Winter, making it one of the most promising older cryptocurrencies. Another signal we can't ignore is that Binance might be planning something different recently.
In the past two days, new projects on the BSC chain have started to "de-divide" themselves, clearly indicating that BSC is determined to seize the international market share of SOL. Another key point is that $beepe on 4chan has already firmly established itself at a market capitalization of one million, and this coin has a high chance of experiencing a significant price surge.
Yesterday was one of the happiest days in recent times! $sxt and #IamHereGoing skyrocketed! Especially #IamHereGoing, which I bought at the bottom on the 12th floor, is now more than tripled. On the other hand, established VC coins like BCH haven't risen much, and I plan to hold onto them. As for futures, avoid them recently; the market hasn't fully clarified yet, and entering now is practically free money!
Both giants have explicitly endorsed $RIVER! Let me show you some key data. First, Arthur Hayes' fund made a strategic investment, and now Sun Ge has directly poured in $8 million. That's quite a move! Don't say Sun Ge's moves are unreliable anymore; this time, his entry looks like it's all going smoothly.
The price of $RIVER keeps hitting new highs, but open interest is clearly decreasing. Last night's new high was most likely not driven by new long positions, but rather by short sellers who couldn't withstand the pressure and liquidated their positions. I think the major players aren't as aggressive at this price level anymore; after repeatedly squeezing shorts, they probably want to take a break. But some people are stubbornly holding onto a -4366% funding rate, essentially handing money over to the big players.
Here's another set of data: At 8 AM on January 21st, the short position ratio was 78%, but by 2 PM on the 22nd, it had dropped to 69%. Those who short with you have already run away; are you still planning to hold on? Based on current funding rates, a 10x leveraged short position can only be held for a maximum of 8 days. Think carefully about your choice.
$skr is on fire! Who would have thought that this coin, which had already launched a meme airdrop years ago, would now become a way to make big money again! Its listing schedule really needs to be closely monitored. It's clear that VC coin is exploring new paths, relying on a combination of Coinbase, Korean exchanges, and Hyperliquid to grab liquidity. After all, in today's market, whoever controls liquidity has pricing power.
Let's talk about the airdrop. The actual amount reaching most people doesn't seem like much, suggesting a high degree of market control. Looking at SKR's real-time performance on Hyperliquid: almost an hour after listing, the long/short ratio is 0.61, and trading volume has already surged to 10 million, but the overall profit is only around 16,000. If SKR can subsequently experience a major price movement like Grass, the entire market will likely change drastically.
The market is constantly changing, and specific entry and exit points should be determined based on real-time conditions. Follow the trend after a breakout! No matter how confident you are, please strictly adhere to your stop-loss and take-profit strategies! That's all for today! Follow me so you don't get lost! QQ: 2178747366, QQ: 2499660658 ( Add me with a note, and I'll add you to our learning and discussion group).
