In the past 24 hours, 95,452 people worldwide have been liquidated, with a total liquidation amount of $320 million. The Clarity Act passed the Senate with a vote of 15:9, causing a surge in BTC and ETH prices. However, this positive impact hasn't been fully realized yet; we still need to see how the market adjusts next. Enter the market only when there are clear signals!
Avoid chasing the market higher today; consider shorting at Double Top with a stop-loss order at the pinpoint. Observe the intraday indicators and sentiment digestion, and see if the market fluctuations in the evening will convey bullish signals.
BTC
BTC profited from both long and short positions. The long position placed at 79400 was automatically closed at 8.14, resulting in a total profit of 2000 points. The short position placed at 81600 was also successfully entered and is currently showing a floating profit.
BTC surged to 82,000 before falling back, remaining within the 79,200-81,600 range. Without creating a higher high, a pullback is highly likely, and the MACD death cross indicates increased risk of a correction.
(1) Long at 7.94 with a stop loss at 7.87, and target 8.01 and 8.14. If you have no position, you can short at 8.16 with a stop loss at 8.26, and target 8.06 and 7.94.
(2) The upper resistance is 81600-82000-82500; the lower support is 80600-79400-7800.
ETH
Although ETH surged last night, it did not change the trend of the battle between bulls and bears. It is still in a consolidation phase, with the price still moving within the triangle pattern. The price has rebounded after touching the lower edge of the triangle multiple times. The rebound targets are 2322, 2342, 2360, and 2380.
The 4-hour chart is currently in a downtrend. If a rebound reaches the 2350-2380 range, consider shorting, targeting 2200 and 2150. If the rebound is weak, then a small short position can be taken if the price breaks below 2200.
SOL
SOL rebounded after testing 89.85, meaning the short-term bottom is 8 points higher than the previous two weeks. The next key level to watch is a second break above 97.55; another rebound would target 100. The 100 level isn't actually a strong resistance; the stronger resistance is at 104-106.
DOGE
Looking at DOGE from daily to weekly charts and hourly charts, the short-to-medium term indicates a bullish market. The 3-day moving average resistance at 0.1650 has finally been broken. The next target is the weekly resistance at 0.1250.
LAB
LAB plummeted 40% in half an hour and halved in 24 hours. With 95% of the tokens under control, the project team can dump the price at will. Place orders at $4.5-$5.0 to short rebound; do not chase the short.
MLN
MLN, as one of the first delisted coins to rebound strongly, currently has a market value of around ten million. The market maker has been accumulating tokens, and it has almost doubled in value since rebounding from the bottom. These last few days are the last glory before delisting. It will most likely be dumped again later. Place a short order around 4.2. If you can catch it at this position, you will make a lot of money!
BABY
After a recent surge and subsequent pullback, BABY's price has been fluctuating, showing signs of forming a bottom again. It may start a rapid upward surge at any time in the short term. Currently, it is in a bullish wedge pattern, so it is worth taking a chance. Open a long position near the current price of 0.018, and remember to leave room for additional purchases.
HYPE
The only US-based contract trading platform with on-chain US stock market activity; large-scale buying by a16z-related addresses; the Clarity Act benefiting HYPE; strong consensus; numerous dollar-cost averaging investments; HYPE accelerated its upward trend after breaking through the key resistance level of 43; 24-hour increase of 18.97%.
The short-term trend for HYPE has been fully established. The key focus going forward is on the effectiveness of the 43 support level. As long as it doesn't break down, this upward trend won't end easily.
