In the past 24 hours, a total of 63,411 people worldwide have been liquidated, with a total liquidation amount of $227 million. After the weekend's sharp drop and surge, BTC and ETH have essentially returned to their original levels.
A pullback with reduced volume during the day for BTC/ETH would definitely be a good entry point. The current rebound is not going away, so it is at least a potential top formation range. The market will become clearer next week, and whether it can break out of its current alternating pattern will depend on next week's price action.
BTC
The weekend's price action test is complete. This morning, the price closed with a solid bullish candlestick with upper and lower green candle. BTC's price and volume diverged, and the rise from the new low of 74203 can be seen as a rebound. After the rebound, there will be another round of decline.
BTC is consolidating around 76,000. The support at 76,000 is within the Vegas channel EMA 576-676, and the support is effective. The Vegas channel 144-169 is near the resistance at 78,000. To break through the resistance, it needs to accumulate momentum or have a large green candle to seize the liquidity above.
(1) The daily resistance zone is between 78800 and 81000. The daily chart shows a bearish OB (oblique angle), and short positions can be maintained at this level.
(2) The intraday support level is 76,000. As long as it remains above 76,000, we can continue to expect a rebound.
ETH
ETH's trend is slightly weaker. It failed to break through the first resistance level of 2150, and was pushed down after touching it briefly. There are signs of a short-term bottoming out. The current price is still in the rebound phase. In the short term, pay attention to the resistance level of 2150. As long as this level is broken, the next wave will accelerate to around 2200. Therefore, we are still bullish in the short term.
Resistance levels: 2112-2150-2194; Support levels: 2076-2022-1981
PLUME
After a sharp drop, PLUME has been consolidating sideways on the daily chart for a long period, currently attempting to break out upwards from the right side of the bottom range, and is in a "breakout verification period." If the breakout is successful, it has the potential to double in value. Low price, low position, low attention—that's why it's worth buying!
FIDA
FIDA has been performing very strongly recently, exhibiting a typical pattern of strong market manipulation by major players. It looks poised to rise again, so I've opened a long position at the current price with a stop-loss at 0.035. My target is 0.046, followed by 0.08.
ORCA
Enter a long position in ORCA around 1.45, exit if it falls below 1.345, with an initial target above 1.9! A rebound signal has appeared on a smaller timeframe, and there should be a decent breakout and upward move. For altcoins, consider a small position with low leverage!
SAHARA
After SAHARA surged and then fell back, the selling pressure has been largely digested, and there are signs of a rebound in the short term. Therefore, it is advisable to buy at the current price of around 0.035, hoping to at least make a second-highest point!
BILL
BILL has fallen back to its starting point and then started to rebound. It looks like another accelerated rebound is about to begin, so I bought a long position at the current price of around 0.116, leaving room for additional purchases. This is roughly the same price I entered last time when I made a huge profit. Let's see if I can make another big profit this time!
Clutch
The World Cup is just 20 days away, and I'm currently optimistic about the World Cup mascots. Among them, the US team's mascot is the one that's most closely associated with the crypto. Americans also really like the Sol chain, so I'm bullish on Clutch.
By the time the World Cup actually arrives and all the hype is rampant, it's too late to jump in. It's best to position yourself in advance for such positive news, because once the positive news actually materializes, it's usually a negative one.
