In the past 24 hours, a total of 92,849 people worldwide have been liquidated, with a total liquidation amount of $348 million. Bitcoin and Ethereum have completed a price-volume reversal and triggered a pullback at a key support level, currently showing signs of stabilizing and a minor rebound.
If you missed the opportunity for a dip this morning, then wait and see if there's a bottoming out and support confirmation followed by a rebound tonight. If there is, you can add another lot; otherwise, just wait patiently.
BTC
BTC closed with an upper shadow and a bearish body in the morning, marking its fourth consecutive day of decline and breaking below the low of March 8th. Trading volume was relatively low, and after a quick recovery, it actually activated a 12-hour level rebound. Currently, there are temporary signs of a bottoming out, and a small-scale rebound is underway. While making new lows, it has also broken through the weekend's resistance. Therefore, short positions should be raised accordingly.
(1) The 4-hour bearish OB (68200-69800) is a short-term resistance level. This is a place where you can continue to short. If it cannot be broken, it may fall further. There is still a second bottoming process to go.
(2) As long as the rebound does not exceed 69,800, there is still downward momentum.
(3) The weekly support range is 48888-58900. It is possible to find support in this range and rebound significantly.
(4) The weekly chart still shows a downtrend. 58900 is not the bottom. After the consolidation or rebound ends, there will be a new low.
ETH
ETH is currently in a minor rebound phase. The upper resistance level to watch is the 2070-2090 range, which is a short-term resistance level and may be a minor high. If an upper shadow appears at the close, a pullback is likely to begin.
Entering a long position in the 1980-1950 range is a relatively safe entry point, as it represents a minor double bottom and is also near the 0.618 Fibonacci retracement level.
CHZ
CHZ is showing strong short-term momentum, likely due to early speculation surrounding the Century Cup. The bullish wedge pattern has been broken, and the resistance line from the recent one-month high has also been breached. Therefore, further upward movement is expected. Long positions should be held with a stop-loss at breakeven, targeting at least 0.06 USDT for a potentially large profit.
THE
The minor bottoming process has been completed, and momentum has clearly rebounded! Now, buy spot in batches within the 0.09-0.1 range for steady profits. First target: a rapid upward surge to 0.6 from 0.3! The market waits for no one, so act fast! Minimize losses and maximize profits. Follow us and let's ride the wave!
EDU
EDU has completed its bottoming process on a minor timeframe, and momentum is starting to recover significantly! Now is the time to buy spot in batches within the 0.04-0.06 range for steady long-term profits. The first target is 0.2; if it accelerates upwards, the target is 0.35! The market waits for no one! Minimize losses and maximize profits—follow us and let's ride the wave!
BARD
Currently around 0.36U, it has fallen 80% from its high in the last few days, almost reaching the bottom. A short position of 1x leverage is equivalent to buying spot. The key issue is the high funding fee for this long, around 3% per day! You can take a small position!
R2
Total supply: 1 billion; initial circulating supply: 10.4%; pre-market price: 0.07; pool price: 0.03.
Positive factors: 1. B-An MVB's tenth phase project; 2. Testnet reverse exploitation.
Negative factors: 1. The process seems somewhat rushed; there are two versions of the token economics, and the token issuance appears hasty. 2. Airdrop information is unclear; there's been no Official Twitter, but some KOLs have shared their airdrop shares, suggesting a possible advertising campaign. Regardless, the token allocation is unclear. I'll monitor the on-chain activity and notify you if there are any developments. 3. TVL is only 6.5M.
In short, with the name change, delay, lack of transparency, and the founder's three rounds of support, the buffs are stacked up to the max. No matter what, I won't rush in. Don't rush into Alpha coin just because you made money.
$BASED
Total supply: 1 billion, initial circulating supply: 23.5%, pre-market price: 0.1, pool price: 0.075
Positive factors: 1. Listing on exchanges other than Binance and Korean exchanges is a grand slam. 2. 6.5% of the airdrop has already been staked and locked. 3. The project team is very wealthy, with transaction fees and fundraising totaling tens of millions of dollars.
Negative factors: 1. Extremely high selling pressure at the opening; 2. Subsequent selling pressure is also significant, affecting the Ethena community and Q3 rewards; 3. It's a worthless coin, unrelated to any revenue generated by the project team.
There's a two-hour interval between the Alpha launch and the airdrop distribution. If the opening price can hold around 0.08, you can try trading before the airdrop. Market conditions change rapidly; entry and exit points should be determined based on real-time data. Follow the trend after a breakout! No matter how confident you are, please strictly adhere to your 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, you can follow Sweet Dream, WeChat: EDFG8689
