Today's all-green day was fantastic! BTC and ETH are showing a second wave of upward movement on a minor timeframe. If they can't break last night's rebound high, they'll likely see a long pullback. For long positions, just wait at the levels I gave. As for shorting, consider light short positions at 90500 and 91600 for Bitcoin, and 3020 and 3065 for Ethereum. However, given the current significant drop, short isn't profitable and unnecessary. Either wait for a major resistance level to short, or going long at lower levels is more worthwhile!
In the past 24 hours, a total of 85,072 people across the network have had their positions liquidated, with a total liquidation amount of $362 million. Long positions were liquidated for $91.027 million, and short positions were liquidated for $271 million.
BTC
The previous gap in Bitcoin CME futures has been filled, but this recent drop has left a new small gap around 89,500, which is expected to be filled when the price rises to that level. Technical indicators are also gradually recovering from this pullback. As long as the price maintains its current range-bound movement, the short-term trend is stable. We just need to patiently wait for the market to establish a clear direction.
Today’s operations:
Pay attention to 87900. If the 4-hour pullback holds, the rebound will continue, with resistance levels at 89400, 90400, and 91600. If this level is broken, the 4-hour rebound will end, with support levels at 86960, 86050, and 85060.
ETH
Ethereum is currently in a phase of catching up and lagging behind. The prolonged period of consolidation has already fully absorbed the selling pressure at the neckline, making it easier to break through this resistance level. If it continues to rise in tandem with the broader market to complete its catch-up rally, the upside potential will be considerable.
Today’s operations:
Pay attention to 2918. If it retraces for 1-2 hours but doesn't break through, the bullish trend remains intact. Resistance levels are at 2970, 3020, and 3065. A break below this level would trigger a pullback, with support levels at 2885, 2840, and 2785.
Copycat
The current lack of good investment opportunities in the crypto presents a good opportunity for short. Personally, I think the following angles are worth considering:
1. The previous abandoned hot narrative (BTCFI's redundant L2, etc.);
2. Unable to find a viable niche (Merl even served as an Alpha stablecoin);
3. The project has been established for more than one year and has a contract on Binance/Bybit/OK;
4. A large number of chips remain unallocated (30%+);
5. The candlestick pattern is in the distribution phase and shows no signs of accumulation;
However, these tokens carry a high risk of being manipulated, and could suddenly be wiped out, so you must act quickly and cut your losses.
PUMP also saw a price surge today.
As I mentioned before, as long as the SOL chain's meme coin market is hot, you can buy PUMP, because it is the launch platform for SOL chain meme coins. The more popular the chain is, the more transaction fees it earns. This is the core logic behind my recommendation.
BANANA is a transaction bot on the SOL chain, and its logic is exactly the same as PUMP. The more prosperous the SOL chain is, the higher the transaction fee revenue will be. BANANA hasn't risen much yet, so just hold it patiently.
Don't think that Altcoin in the secondary market are not profitable right now. Opportunities are always there. The key is your sensitivity to the market and your expertise. If you don't understand anything, it will be difficult to make money.
Super Fuxi
$Super Fuxi might have been misled by $Hidden Dragon, but I'm increasingly drawn to those old-fashioned, hard-to-understand Chinese-style meme-based disks on BSC. I've pretty much figured out how BSC's domestic memes work, and I feel like a new wave of hype is coming! $Super Fuxi is a Butterfly platform disk; aiming for 500K isn't unreasonable!
$HYPE
Hype has skyrocketed! Hype should definitely be included in the list of stocks for dollar-cost averaging at the bottom of the bear market. Everyone, wait for my signal!
$BRT
This is seriously treating people in the crypto like they're not human! It's so reckless, but it definitely wiped out long the bulls.
$BNB
Pay attention to 877. If it retraces for 1-2 hours and doesn't break through, the bullish trend will continue, with resistance levels at 888, 897, and 908. If it breaks through, a pullback will begin, with support levels at 867, 856, and 847.
$SOL
Focus on 123. If the price retraces within 1-2 hours and does not break through, the bullish trend remains intact. The upper resistance levels are 127, 129, and 132. If the price breaks through these levels, a pullback will occur, with the lower support levels at 121, 118, and 115.
