Bitcoin is hovering around 74,000. If it can't hold this level in the short term, it will likely fall further. There haven't been any major innovations in the crypto space yet, but everyone should keep an eye on it. The integration of AI and cryptography could lead to innovative applications at any time, and there will be many opportunities this year and next.
BTC
BTC's short-term price broke through the previous high again, just touched 74,500 and was immediately pushed down. This is a trendline resistance level, so the selling pressure is definitely quite strong.
The current resistance level remains between 7.45 and 7.5w, which is the first resistance level of an important reversal trend line. The second resistance level is 7.8w.
I don't think there will be a direct breakout in the short term. I've already entered a position around 737w. The long upper shadow on the four-hour chart indicates heavy selling pressure above. Of course, this is also a typical topping signal, so the probability of a downward move is relatively high. Short positions can be held.
ETH
ETH is performing very strongly, having experienced two periods of accelerated upward movement on smaller timeframes. Currently, it is facing resistance at the trendline's upward channel. The price touched this level and was subsequently pushed back down. If it fails to break through this level, it is likely to have reached its peak.
Judging from the upward channel, the previous two times were also periods of accelerated rise, but they were eventually pushed down, indicating that the trend line pressure is very strong. Therefore, if the 4-hour chart shows a close with a wick, I will consider entering a short position. The expected entry price is in the 2260-2280 range. If the price breaks through and holds above the upper edge, the short position can be stopped out decisively. The specific entry depends on how the pattern evolves.
ZRO, BARD, RIVER
ZRO unlocked $55.5 million on March 20th! BARD unlocked $32.4 million this week, and RIVER unlocked $25.5 million!
These three coins are all at high levels on the daily chart compared to other Altcoin. I'm planning to short one lot at a low leverage in the next couple of days to hedge against other Altcoin! River is very volatile, so be careful with that!
G
The project itself is a public blockchain built by a Web3 points platform used for completing tasks and claiming airdrops. It was previously called GAL, with a 1:60 exchange rate for G tokens. Recently, it's been hyped up based on the narrative of migrating GAL to G tokens and launching its L1 public blockchain. Market manipulators love to pump and dump, followed by a gradual decline – a one-shot strategy, proven many times. Set a stop-loss order and short it.
DASH
DASH, a balancer between payment and privacy, is a privacy-focused coin within the payment sector. DASH differentiates itself in cross-border and retail payment scenarios, becoming a leader in privacy-focused payments. Currently at 33u, it's a good starting point for building a base position, driven by geographical demand and the strong needs of large investors. Institutions require both compliance and privacy.
REZ
REZ has been consolidating at a high level with strong momentum. Although the unlocking time is quite fast, it can be seen that the project team has not given up and is still very active. The outlook is still bullish. REZ will rebound in batches when it retraces to 345 and 315. Stop loss if it breaks 3.
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
