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. Since March, Bitcoin ETFs have recorded positive inflows for several weeks, with a single-week high exceeding $1.47 billion. In the past 7 days, whales (those holding 10-10,000 BTC) have made net purchases of over 40,000 BTC, controlling approximately 25% of the circulating supply.
All signs indicate that if you have spare cash, now is the perfect time to make strategic moves!
BTC
BTC is currently fiercely battling around the key resistance zone of 70.5k-71k! After successfully holding the 68.5k-69k support, it rebounded slightly. Last night, I called for a long in the community at the key support level of 69000. The known resistance level above is 71300, which will definitely be broken, and there is a high probability of another pullback. Trading strategy:
High-level short: You can wait for the resistance zone around 76000 short.
Bottom-fishing: A second short-term pullback to around 69800 presents a buying opportunity.
The medium- to long-term outlook remains primarily bearish, while short-term traders may consider placing long orders with appropriate stop-loss orders.
ETH
ETH is maintaining its range-bound trading between 2100 and 2180, with volatility narrowing. The sentiment influenced by Trump's conciliatory remarks has gradually faded, and funds are currently in a temporary state of uncertainty.
During the day, ETH can be shorted at 2170-2180, with a target of 2120. Long positions should be cautious starting today; order placement can be lowered to around 2100-2080 to capture short-term rebounds from the bottom, with quick profit-taking.
HUMA
Place short orders in batches between 0.0208 and 0.0212 on HUMA, with a strict stop-loss order set above 0.025. The first target for profit is the current strong support level of 0.0190, and the second target is around 0.0175.
JTO
The JTO Solana ecosystem LSD sector has undergone a comprehensive revaluation in the past two days, with the ecosystem's popularity directly translating into JTO buying. The 15-minute chart saw a surge to around 0.3832 but failed to break through. At the current price of 0.3807, I'm more inclined to short at the resistance level rather than chase the rally. As long as it remains below 0.3832, the first target for a pullback is 0.3744, with a further target of 0.3680. I will place my stop-loss above 0.3902.
$TAO
The TAO 4-hour candlestick chart is moving along an upward channel, with the MACD golden cross above the zero line and the white and yellow lines diverging upwards, indicating strong bullish momentum. The first resistance level is currently at 361, with a potential target of 390 if this level is broken; support lies at 310, with strong support at 280.
If the price retraces but doesn't break 310, a small long position can be considered. If it breaks through 361, add to the position with a target of 390. If the price breaks below 310 with significant volume, caution is advised, and it's best to wait and see if it reaches 280. Contract traders should consider taking profits in batches near resistance levels, while spot traders should maintain their current positions.
