In the past 24 hours, a total of 75,553 people worldwide have been liquidated, with a total liquidation amount of $203 million. BTC and ETH formed a standard double-test pattern in the 4-hour chart yesterday. Today's rebound suggests that the bottom on the daily chart is basically confirmed. Therefore, the market will likely see a weak rebound over the weekend, followed by an upward test.
BTC
BTC has seen two consecutive days of gains, forming a Double Top pattern. Currently, it is consolidating within a narrow range. The 7.8 resistance level has been tested multiple times without being broken and is temporarily effective. The 76250 support level has formed a temporary bottom support. Opportunities for both long and short positions are equal in the short term.
(1) The rise from 76014 to the present is considered a rebound. The resistance levels for the rebound are 78400 and 78800. After the rebound, there will be another round of decline.
(2) Short-term support is at 76600-76250 . A rebound to 77250-77650 is possible. The bulls should defend at 76000. If this level is broken, the support will shift down to 75086/74850.
(3) Short position near 78000, long position near 76250. Short-term traders can buy and sell until the price breaks through the upper or lower limit. The defense for both long and short positions is about 300 points each, with a profit-loss ratio of about 4:1 to 5:1.
ETH
ETH is trending weakly, consolidating within a triangle pattern without any sign of a rebound. Small-scale rebounds haven't even broken through the upper resistance line. The indicators have been digested, suggesting a potential further downward move at any moment. Therefore, there's not much room for trading at the moment; let's wait for an opportunity!
(1) The upper resistance levels are 2146-2167-2193. When will the resistance range of 2144-2156 be broken?
Only then can ETH challenge the resistance level of 2195.
(2) Support levels below: 2125-2076-2025
ASTER
ASTER has been consolidating at the bottom for a long time, trading within the 0.6-0.7 price range for nearly half a year. As the biggest competitor to Hype, now is the time when it most needs to acquire users, and a decent rebound is expected. I've bought some spot ASTER at 0.68, with resistance at 0.8 and CZ cost around 0.9 (assuming no further averaging down). The highest point was around 2.436, and my initial target is 0.9!
AGT
AGT's low liquidity, coupled with AI and contract support, has broken through the consolidation range (0.010–0.020) that it had been trading at the bottom for over half a year, and it's poised for a rapid rise. I bought AGT at the current price of 0.0133, with a stop-loss at 0.0123, and a target above 0.017. I'm going all in now.
RKC
RKC has been moving very steadily. After a period of bottoming out, it started to break out. When I recommended it, its market value was around 4 million. Now it is close to 7 million. But this is just the beginning. Moreover, the overseas community is very active. In particular, the foreign CTOs are really serious. They are constantly promoting RKC every day. I look forward to the market value reaching 20 million, 50 million, or even higher. Hold firmly!
EDEN
EDEN's performance this time is truly impressive! Every pullback is just a build-up for an even higher surge! It looks like it might be topping out.
On May 26th, 5.4% of the tokens will be unlocked immediately, and there will be a large selling pressure of 4.24% every month thereafter. This is to attract retail investors to chase the high price and make them the ones who will take over the large positions. The current sharp rise has no fundamental support and is purely driven by sentiment. Be ready to short at any time!
NEAR
The NEAR indicator has broken through both the moving average and the structural pattern, which strictly speaking breaks the logic behind the 491-day downtrend. Don't rush to chase the price higher, and don't expect an immediate new high.
My plan is to wait for the price to retrace to a key structural level or moving average support zone on the 1-hour or 4-hour chart, and for an oversold signal to appear. At that level, it's easy to set a stop-loss and sizing the position. Once I catch that signal, the holding experience will be very comfortable.
