In the past 24 hours, 145,392 people worldwide have been liquidated, with a total liquidation amount of $282 million. BTC plummeted by nearly $3,000 in a single day, wiping out this week's gains. However, a decisive breakout and a strong bearish candlestick pattern are needed to correct the disordered indicators. With the non-farm payrolls data released tonight, the market is likely to experience significant volatility; it's time to enter the market.
BTC
BTC closed with a bearish candlestick with upper and lower shadows this morning. After retracing to around 65,600 last night, it rebounded to above 67,000. Currently, it is basically following the 8-hour Bollinger Band trend, with the Bollinger Bands gradually narrowing, indicating that a major direction is about to emerge. Given that the CPI data next Friday is likely to be negative, the probability of a downward move is higher, with a chance to reach 60-62k, or even starting with 5. At present, the main strategy is to sell on rallies.
(1) The strong support for BTC bulls is around 65,000. As long as there is no significant drop below this level, it will be the short-term bottom.
(2) The first target for the rebound short is 63600, the second target is 5, and the defense is 69288. This point cannot be broken. If it is broken, the strategy needs to be changed.
(3) Upper resistance levels: 66800, 68000, 69200; Lower support levels: 65500, 63600
ETH
After ETH surged to 2168, it reached a peak with high volume. All short- and medium-term moving averages have crossed below it, and the price action is under significant pressure. The medium-term trend has shifted from a major uptrend to a weakening, range-bound movement. Currently, the strategy around 2059 is to sell on rallies, and buy on dips with stop-loss orders in place. Avoid blindly buy the dips; wait for stabilization signals before taking action.
(1) ETH will only turn into a bullish trend if it breaks through and holds above 2380-2440. Before that, any rebounds will be mainly short-selling.
(2) ETH's resistance levels to watch are 2120, 2170 and 2220. Look to place your bets around these levels. Support levels to watch are 202 and 1950.
CHZ
After completing a short-term bullish wedge pattern, CHZ has been trending downwards in a volatile manner. Currently, the price is around 0.04. In the short term, attention should be paid to whether the upper trendline is broken; a breakout would likely trigger another upward move, while failure to break through would lead to a retest of the lower trendline support.
The lower support line has strong strength. You can enter a long position in the 0.038-0.036 range after the price retraces to the vicinity of the lower support line.
CTSI
CTSI is an established project with advanced technology, low valuation, and historical price references. Today's price has increased by 80%-100%. The current trading volume distribution shows that the 0.038-0.042 range accounted for more than 65% of today's trading volume, indicating that the main players have completed their turnover here, and a new cost zone has been formed.
You can wait for a four-hour or daily level correction before considering entering the market; otherwise, don't act rashly.
EDEN
I got on board at EDEN 0.035. The project team recently postponed the unlocking time of the team and advisors' tokens to next year. Although they were the first RWA platform invested in by Binance, their tokens have been falling since TGE, and their circulating market value is even lower than that of on-chain meme. Investors and the project team probably didn't make any money. The past and present situation is very similar to $STO. Let's see if they can finally see a breakthrough.
RIVER
The River ecosystem is stagnant; there's hardly anyone playing on the chain anymore. The technical picture is even worse: the daily chart has broken through support levels, the RSI has turned downwards from overbought, and the MACD has formed a death cross. Selling pressure is mounting. The advice is to exit on any rebound to the resistance level, or reverse and short, targeting the previous low!
AIOT
AI+DEPINM sector, tens of millions of dollars strategic investment from Asterisk Group, accelerated expansion of ecosystem payment + hardware, low market capitalization of 10 million, rotation in the AI sector, currently no premium in contracts but holdings have increased significantly, long on AIoT at the current price, high-risk micro-cap coin, only play with small positions, not heavy positions!
