Cherish the bear market. Without a bear market, where would all those cheap coins come from? Without a bear market, you can't make big money. A bear market is also a great opportunity to train your mindset. You should be happier the more it falls, because after a while, you can buy your favorite cheap value coins. I wish many coins would halve or even halve in price, so I could buy more with the same amount of money—just thinking about it makes me happy.
In the past 24 hours, a total of 127,306 people across the internet have had their positions liquidated, with a total liquidation amount of $444.3 million. Long positions were liquidated for $389 million, and short positions for $54.6765 million.
BTC
Bitcoin's price movement has been precisely in line with my predictions; I'm starting to wonder if the big players are following my chart patterns. Currently, the price has temporarily stopped falling on a smaller timeframe; let's wait and see for confirmation signals.
With US stock markets closed over the weekend, there's no rush to trade. Those worried about further declines can place small, multi-position buy orders at the key support levels of 62,500-63,000 and 60,000. This also serves as a point to average down if you get caught in a losing position. For spot trading, you can enter with 30% of your capital at 60,500. (Whether it's futures or spot, you can try to profit from a rebound.)
ETH
Ethereum is currently experiencing insufficient liquidity, and its price action is exhibiting a smooth, stepped decline. As the price accelerates its downward trend, a large number of long positions will face liquidation. What super bull market? The bull market is long gone.
After Ethereum fell below the $2000 mark, the key support level to watch is $1900. Place orders can be placed at support levels of $1910, $1810, and $1740. Around $1750, spot traders can consider entering with 30% of their capital, following the same strategy as Bitcoin.
In this bear market for BNB, at what price is it advisable to invest in it in installments?
Let's first look at the first phase of this bull market. In 2024, BNB hovered around 600 for a whole year, with large funds changing hands in this range. Even when Bitcoin experienced a major correction, BNB remained stable, indicating that 600 had become an important support level.
Looking back at the last bear market, in 2022, LUNA collapsed and FTX crashed, but BNB still held steady around 300. Later, Binance was sued by the SEC, and the price plummeted to a low of 202, but it recovered to 300 in less than a month, then traded sideways for three months before going on a bull run.
Therefore, the two accumulation zones are clear: the 300 and 600 range. Technically, the bottom of this bear market is likely around 400. As an exchange platform coin, BNB's volatility is relatively low, unlike some altcoins which experience dramatic rises and falls. The strategy is simple: once the price falls below 500 and a bottoming pattern emerges, you can start dollar-cost averaging in batches.
AI sector leaders WLD and TAO
WLD, once a leader in the AI sector, surged from $0.97 to $11.9, a tenfold increase that fueled market sentiment, prompting countless retail investors to rush in above $10. It wasn't some worthless coin back then; it boasted a compelling narrative, including offline iris scanning in major global cities, sponsorship of impoverished children, and endorsement from the founder of OpenAI. And what happened? It plummeted 99% from its peak.
TAO, the current AI leader, certainly has a strong narrative: Nvidia founder's endorsement, hype surrounding its subnet, a total supply of 21 million, and the most decentralized AI. I was bullish on it when the price was below $200, when most people thought it was worthless; now that it's risen, everyone thinks it's a valuable coin.
My view is clear: those who have already bought in should hold on, and those who haven't shouldn't chase after it. This year has been a bear market all year. Even if I'm bullish on TAO, there will still be opportunities to buy at lower prices in the second half of the year. Be patient, and I will give you a heads-up when the time is right.
SIREN's trend is really outrageous!
After a double whammy for both bulls and bears, a violent rebound occurred, with the price surging from 0.713 to 1.62 , a nearly 56% increase in 24 hours. Futures trading volume reached 700-800 million , while spot trading volume reached 120-200 million , indicating extremely high market activity.
The long/short ratio is close to 1:1 , slightly favoring the bulls, but with a funding rate of -0.20%/8h , there is short-term downward pressure. This coin is extremely volatile; avoid chasing highs and wait for short opportunities.
