If you believe in human nature, you'll believe in cycles. AI is currently in a bubble phase, which will soon burst, reshuffle, and restart. US stocks have also reached highs and are undergoing a sustained decline. Bitcoin hasn't bottomed out yet; shorting on short is safer than buy the dips. Don't rush into anything; let things play out. Cycles never fail to appear.
In the past 24 hours, a total of 115,965 people across the internet have had their positions liquidated, with a total liquidation amount of $388 million. Long positions were liquidated for $283 million, and short positions for $7.106 billion.
BTC
Bitcoin is experiencing a short-term rebound, but don't get carried away. The 69,000 level provides strong support, and a short-term rebound is highly likely, targeting 72,000-73,000. However, note that this is merely a technical rebound after the first wave of decline, and it's likely a bull trap; the price will likely fall again after the rally.
For those hoping to profit from this rebound, wait for a second dip to the 69,500-69,000 level and then lightly go long. Once the price reaches that level, immediately reverse and go short. If it rallies directly without offering an entry opportunity, wait for a higher price to find a place to short; do not chase the rise.
ETH
Ethereum has rebounded after testing the bottom in the short term, but this is only a weak halt to the decline; the price has not yet bottomed out. The ideal support level is between 2050 and 2080. The subsequent scenario is quite clear: a double bottom is highly probable.
Either it retraces to 2120 and holds, or it plunges directly to 2075. My strategy is to consider going long near 2075; otherwise, wait for a rebound to look for opportunities to go short.
Copycat
SOL
Sol's recent surge failed to hold, and it followed the broader market downwards, showing signs of weakness. The key level to watch is 85; if it holds, there might be another rebound, but if it fails to hold, it will likely head towards new lows.
ASTER
ASTER has been trading sideways for nearly a quarter, only briefly dipping to a low point during the market crash before quickly recovering, exhibiting a stable performance similar to that of a stablecoin.
Currently, the upper and lower rails are clearly defined, making it an excellent target for swing trading. 0.77–0.8 is a high-pressure zone, and 0.67–0.65 is a strong support zone, offering ample room for repeated buying low and selling high. Short-term traders should pay close attention and strictly adhere to stop-loss orders.
HYPE
Hype has been showing strong momentum recently, consistently moving upwards within an upward channel. However, it has now encountered resistance at the upper channel line and is unable to continue rising. Furthermore, the upward momentum on the daily chart is weakening, clearly indicating a potential top and a short-term pullback is highly probable. The first support level to watch is around 36U, with stronger support near the lower channel line at 32U.
TAO
Tao is currently oscillating within a large range on the daily chart, exhibiting independent movement, and has doubled in value since bottoming out. It has now touched a strong resistance zone at the 300-315 V-shaped neckline; a breakout above this level could lead to a reversal.
If it fails to hold its ground, it will most likely form a head and shoulders bottom pattern, with the right shoulder support around 210-230. The next key level to watch is the confirmation at this level, waiting for the pattern to complete.
PEPE
PEPE has retraced over 90% from its high and is currently consolidating with decreasing volume, its price approaching the previous daily low. If the 0.30–0.28 support level holds, a rebound from oversold conditions is highly probable. The previous bullish wedge pattern was a standard pattern, and the retracement was precise.
Currently, the market has cleared out its holdings, and those who were deeply trapped or forced to sell at a loss have been fully released. Short selling short high risk, and a rapid rebound is possible at any time.
CHZ
CHZ simply follows the overall market trend, with no volume or divergence, and does not possess the conditions for independent price movements. However, with the World Cup approaching, these types of coins are usually hyped in advance.
Wait for the downward structure to complete before gradually building positions. There's a high probability of another dip before the upward move. First, keep an eye on the 0.030-0.027 support zone. If it reaches that level, you can enter with a small position and low leverage. The rest is just waiting patiently.
On-chain
There are three main ways to play BSC On-Chain Meme MEME. The core logic can be summarized in one sentence: either quickly enter and exit to grab new listings, or hold onto old listings to make swing trades, or gamble on a dead listing to revive. Never be greedy!
1. New Project Launch (PVP): Focus on new projects with poor liquidity and high risk; even a market capitalization of tens of thousands can be wiped out. The principle is "play new, not old," try to leverage the Binance concept, and get ahead of the big players. Reaching a market capitalization of 100,000 is considered a large MC memecoin. Suitable for those with fast reflexes.
2. Swing Trading (Older Market Caps): Larger market capitalization generally means greater stability, but also smaller profit margins. The key is to monitor the market capitalization range and strictly adhere to stop-loss and take-profit orders. Currently, only $TITAN and $MILADY remain among older market caps exceeding one million. Stocks in the hundreds of thousands range, such as #欧皇 and #忍者, can be considered for short-term participation; exit immediately if the price falls below the range.
3. Picking up trash (dead stocks): Betting on the expected revival of dead stocks; low risk, but success depends on luck. For example, "Come with Hua Zi" fell to a market value of 30,000, but Lao Ma's tweet pulled it back to 1 million in two hours. The key is to enter and exit quickly; sell immediately if you hit the target.
Recommendation: Find the track you are good at, don't try to have it all, trying to gain small advantages can easily lead to big losses!
