In the past 24 hours, 80,724 people worldwide have been liquidated, with a total liquidation amount of $233 million. Bitcoin is hovering around 70,000, and will likely resume its upward trend once the situation becomes clearer. Currently, it's more about accumulating strength. With Bitcoin reclaiming the 71,000 mark, Middle East peace efforts, and institutional buy the dips, is a new spring for Altcoin on the horizon?
Recently, there's been a lot of fake stocks circulating. If you see a fake stock with a good trend, I can recommend it to Tianmeng. Tianmeng will give you a comprehensive analysis to help you catch the big fish!
BTC closed with a long lower shadow and a bearish candlestick this morning. Both the 1-hour and 4-hour charts show a head and shoulders bottom pattern, suggesting a potential rebound in the short term. Currently, the price is fluctuating above 70k, with selling pressure gradually increasing between 71k and 74k. Support at 68.5k-69k has been repeatedly tested, and the risk of a false breakout remains. A breach of 68k would likely trigger an accelerated correction.
1) 71000 is a support and resistance level that has been reversed. If it is not broken, the price will continue to fall.
2) 69000 is the dividing line between bullish and bearish trends. If it is higher than this level, there is still a chance for a rebound. If it is lower than this level again, a decline will officially begin.
3) Even if it breaks through 71000, we will not chase the price higher. The resistance level above is 72600, and the 4-hour bearish OB (73300-74800) are both entry points for short positions.
ETH
ETH is in a head and shoulders bottom pattern. The minor pullback has formed a bullish rectangle, indicating a short-term rebound demand. The right shoulder is now complete. As long as it doesn't fall below 2100, the head and shoulders bottom pattern is basically confirmed. Once the pattern is confirmed, the high point will at least be near the previous high.
If the market is currently weak, it might retrace to around 2130 before accelerating its rebound. If it's strong, it might rebound directly. Therefore, I plan to enter long positions in batches between 2130 and 2100, and I'm currently looking for a rebound.
Copycat
FET
It's fair to say that FET is in a small, one-sided upward trend. The 2-day MACD is now climbing above the zero line. The 1-day MACD is already above the zero line and continuing to accelerate upwards. It's worthwhile to continue holding the spot position, with recent resistance at 0.2975-0.3145.
TAO
TAO broke through with high volume, indicating strong bullish momentum and reaching new highs. Trading volume and capital activity were extremely high, driven by core factors such as AI narrative, institutional attention, and the explosive growth of the dTAO ecosystem. However, the stock is currently experiencing an overbought pullback due to significant short-term gains and strong profit-taking pressure.
Currently, a topping signal has appeared on the 4-hour chart (T9). Given the past lack of consistency in the market's operations, it's highly likely that short positions will be liquidated before the price drops further. A short at 344, without setting a stop-loss, and isolated margin.
ONT
On-chain monitoring of ONT shows a large amount of spot trading being withdrawn from the wallet ranked 11th in terms of holdings! Smart money has already left the market, and now only retail investors are taking over. Soon, the long and short positions will be switched, and then the price will be dumped!
Short sell in short within the 0.0650–0.0660 range, with a strict stop-loss set at 0.0680, and targets at 0.0600/0.0550.
$C
$C is currently at 0.0602, so I'm going all in on a short position! I don't even need to look at this garbage price action; the major players have already exited. Institutions are relentlessly dumping shares, with massive sell orders (millions of dollars) flowing out. Even Jesus couldn't save this wave. My target is 0.055884, with a stop-loss at 0.061612.
ALCH
Enter the market near ALCH's current price of around 0.077! The initial target is 0.085, with a short-term target of 0.102, aiming to capitalize on this AI coin's explosive upward surge! The 4-hour chart shows a breakout above short-term resistance, indicating a strengthening structure. After a month-long rally from its lows, volume has been consistently increasing, awaiting a decisive breakout and the resulting explosive upward surge!
