BTC has continued its short-term upward trend, and the short positions have been fully absorbed. Yesterday, I predicted another surge to a high, and the price indeed reached 78,000 last night. I had planned to short, but due to the lack of the expected pullback signal and the late hour, I exited the position. Currently, BTC remains within an upward channel, experiencing a slight pullback, but the pullback is weak, although trading volume is somewhat insufficient.
The plan is to short after a rebound to the second-highest point, expecting a profit of several thousand points. There is significant upward pressure, and the daily moving averages are also acting as resistance, limiting upside potential. Coupled with insufficient liquidity over the weekend, a pullback is highly likely. The plan is to short in batches within the 77,800-78,300 range, targeting below 73,500. A bullish wedge pattern has formed on the 30-minute chart; shorting short after this pullback ends: if the trend is weak, short near 77,800; if it's strong, wait for the price to rise above 78,300 before acting. It's crucial to capitalize on short opportunities within this range.
ETH's recent performance has been noticeably weak, with the highest rebound reaching around 2463. While the price has been trending upwards, indicators have consistently shown divergence, suggesting a weak, speculative rally lacking volume support. I plan to short it. The price is currently near the upper edge of the upward channel, facing heavy selling pressure. With insufficient volume, a true breakthrough to new highs is unlikely. It's highly probable that a surge will lure in retail investors before a rapid decline. I will wait for the second-highest point of the rebound to short, with an entry point of 2430-2450. If the price moves as expected, I anticipate a profit of over 100 points.
In short: Short BTC between 77,800 and 78,300, leaving room for additional short positions. If it's a false breakout, add to your short position. For ETH, continue the same strategy: short in batches between 2430 and 2450, placing a buy order at 2440. This market movement will likely finish by the weekend, at the latest Monday. If it trades sideways over the weekend, a sharp drop on Monday is highly probable. As long as there's a slight rebound to higher levels, feel free to short aggressively.
$YB: It has been rising sharply recently, and many people are asking if it's worth buying. This coin is a new DeFi project created by the founder of Curve, and its highlights are very practical: market making staking will not result in Impermanent Loss, staking with BTC will allow you to follow the Bitcoin market trend, and you can also earn transaction fees. YB tokens can be used for voting dividends and staking rewards.
This coin launched at 0.84 and then plummeted for over four months, eventually hitting a low of 0.097, a drop of over 88%, a typical bottoming pattern for Altcoin. Now, it's around 0.18, a single-day surge of over 31%, reaching a high of 0.194, nearly doubling from its bottom. Technically, the MACD has golden cross, and the increased trading volume has broken out of the consolidation range, forming a V-shaped rebound pattern.
As for whether to chase the price higher? There's still room for short-term gains, likely reaching 0.20-0.25, but the long-term downtrend hasn't reversed. Aggressive traders can participate with small, light positions, while more conservative traders should wait for a pullback to 0.15-0.16 before buying in batches. Important reminder: Small-cap cryptocurrencies are extremely volatile and carry high risk. Only those with a high risk tolerance should participate, strictly controlling position size and using stop-loss orders.
$DEGO: It has already bottomed out, and the downside potential is very small. If it encounters a situation where exchanges delist shit coin, it could easily experience a surge. If you don't have spare cash, long on contracts at 0.227, don't hold spot, set a stop loss at 0.2, and aim for a doubling in value.
$METIS: After rising to 6.24, it quickly fell back, dropping over 17% in a single day. Its all-time high was over $300, and it has now cumulatively dropped 98%. Don't rush in to buy the dips the dip. These established cryptocurrencies are extremely volatile; holding them indefinitely can easily lead to deep losses. There are currently no signs of stabilization. Only a strengthening of Bitcoin or a boost from the AI hype will improve the market. Don't blindly buy the buy the dips; you could easily buy in the middle of a decline.
Support is seen in the 3.4-3.6 range. Consider entering the market in batches only if this level holds, with a stop-loss order placed at 3.2. Once Altcoin break below support, there's no lower limit to the subsequent decline. Key on-chain indicators to watch: outflow of tokens from exchanges, stabilization of locked value, and a decrease in market liquidation volume. Currently, Bitcoin is holding above its short-term moving averages, and the Layer 2 network sector as a whole has gradually stabilized.
$HIGH: The sudden surge, is it really due to positive news? It looks like a coin about to be delisted, pulling up a last-ditch effort to lure in more buyers. The price is too high now, definitely don't chase it, I'm afraid the big players will do what happened to SIREN yesterday, a sudden drop of 80%. Right now, only Binance-related coins are rising, other coins are still quiet, let's continue to observe.
Do $ORDI and $SATS still live up to their reputation as leading inscription cryptocurrencies? They're not as strong as they used to be. When these coins rise, it basically creates short opportunities; they can't compare to the performance of RAVE at all. Crypto trading ultimately boils down to volume and price movements; understanding this is key to consistent profits.
The market is constantly changing, and specific entry and exit points should be determined based on real-time conditions. Follow the trend after a breakout! No matter how high your confidence level, please strictly adhere to your stop-loss and take-profit strategies! That's all for today! Follow me so you don't get lost! QQ: 2178747366, QQ: 3530882667 (Add me with a note, and I'll add you to our learning and discussion group).
