Bitcoin found support again near 66,000 last night, following a pullback in oil and other commodities, and rebounded to a high of around 69,000. Currently, a trend reversal is brewing on the 4-hour chart, and given favorable macroeconomic conditions, crypto should see a rapid rebound.
Coinbase is currently trading at a premium again, with strong buying from Wall Street institutions. The 4-hour chart shows resistance around 71500; if this level is effectively held, a formal rebound will likely begin.
BTC
Yesterday, Bitcoin broke through 67,600, and the bulls breathed a sigh of relief as it reached around 70,000. However, this was just a rebound, not a new upward trend. It is currently just a test of the pressure around 70,000.
1) The drop in BTC from 74046 is considered the first phase, and the rise from 65569 is considered a rebound from the drop. After the rebound, there will be another drop.
2) The 4-hour resistance range is 69000-71500. As long as it doesn't break through 71500, short positions can be opened within this range.
ETH
Ethereum (ETH) will not be able to hold its ground between 2000 and 1916 until it rebounds above 2300. There are only two support levels between 2000 and 1900: 1966 and 1926/1916. These are the only two levels for long positions. Entering long positions at temporary support levels during pullbacks is a short-term strategy, requiring quick entry and exit with a stop-loss at 1980.
The 2053 level hasn't been broken yet; at most, you can only short another small position. The next rebound point is around the resistance level of 2087, where you can enter a short position. A larger short is around 2136, where short relatively high cost-effectiveness.
SIGN
Low market capitalization + high control make it ideal for short-term trading. A single spike to 0.062 wiped out almost all the short sellers. If SIGN rebounds to 0.058-0.059, it's a good opportunity to short again.
These kinds of schemes are almost always manipulated by big players to control the price. It's nearly impossible to hold the entire position from start to finish. Just play with small positions, treat it like a lottery. I've set a break-even point and a take-profit target of 0.0436.
ARIA
The narrative of blockchain games + AI has been overused. The first season's airdrop was immediately cut short after it was distributed, and now the second season's airdrop is coming. With the second season's airdrop unlocked, a large number of tokens have been released, resulting in huge selling pressure.
Technical indicators show divergence: prices have reached new highs but volume hasn't kept pace, and the MACD shows a bearish divergence, indicating a high probability of a decline. Current funding rates are high, short not only allows you to profit from the price difference but also passively collect funding fees – a sure-fire way to make money!
Lobster
The lobster craze is so high, hitting a new high every day. It's about to reach a market value of 20 million, which is already six times the original value. It's definitely going to be a ten-fold coin. Once it reaches a market value of 30 million, it will have increased tenfold. The first ten-fold coin of the year is about to be born.
I predict that this Lobster Coin ($Lobster) will be listed on Binance Alpha. The Lobster story is long and can be told for a long time. Listing a coin with a long story is a worthwhile deal for Binance. Adding a futures contract would make it even more stable.
Market conditions change rapidly; entry and exit points should be determined based on real-time market conditions. Follow the trend after a breakout! Regardless of your confidence level, strictly adhere to stop-loss and take-profit strategies! That's all for today! Follow me to stay on track! If you're unsure about future market strategies, follow Sweet Dream on WeChat: RFGH8689
