In the past 24 hours, more than 250,000 people worldwide have been liquidated, with a total amount of $1.216 billion. Bitcoin and Ethereum have not yet stopped falling on the daily chart. Even if there is a short-term correction, they will most likely continue to fall. Beware of a second wave of sharp drops. Do not try to buy the dips now.
Tonight brings the crucial non-farm payroll data release; the real battle is about to begin. Non-farm payroll night is harvest night, so don't gamble your capital on luck. Only 5 spots are available in our private domain today. If you want to avoid the non-farm payroll spike and accurately capture trend profits, hurry up!
Is a second major drop in BTC imminent?
Bitcoin closed with a long lower shadow candlestick this morning, marking its fifth consecutive day of decline. Currently, the daily, weekly, and monthly charts are all bearish, with the 1-3 day MACD lines having fallen below the zero line, indicating strengthening bearish momentum. The smaller timeframes also show a bearish trend, so any rebound presents an opportunity to short.
Key points: The upper resistance zone is 63200-64400. A rebound to 63850-64425 presents a shorting opportunity, with targets at 60600-59100. The only support level below is the lower Bollinger Band on the weekly chart at 60600. A break below this level would target the lower Bollinger Band on the monthly chart at 59150, and a further break below that would lead to 56666. For buy the dips, wait for 56666, or wait for the MSTR price to pull back from the current 129 to around 104 before considering long on BTC.
Is a new round of decline for ETH opening up?
Ethereum just dropped to 1666, paused there, and will probably test the previous low again. Currently, the weekly fast and slow lines have formed a death cross below zero. If 1660 is broken, it will open up downside potential from 1600 to 1280.
Resistance levels are at 1758-1789-1817. Watch for a shorting opportunity near 1817, with a stop-loss at 1851. Support levels are at 1736-1661-1631. For spot trading, consider dollar-cost averaging down, adding to positions at 1666, 1616, 1556, 1444, and 1388, adding as needed.
Altcoin
Altcoin have officially entered a correction phase. Once Bitcoin begins a downward trend, all altcoins will follow suit; forget about any independent price movements. ZEC is leading the decline; even speculative coins can't hold on. WLD and Binance, stop pretending, just keep falling!
ZEC
ZEC has plummeted 60%. The leading stock in the privacy sector has shown signs of weakness, indicating a fundamental crisis of confidence and extremely strong selling pressure. Those who short around 600 have already profited handsomely. Do not try to buy the dips now; the 15-minute chart shows a bearish alignment, a MACD death cross, and high-volume declines with absolutely no signs of a bottom.
In a standard downtrend, don't try to catch a falling knife. Until there's a significant increase in volume and stabilization, a turning point in the moving averages, and a reversal of highs and lows, all rebounds are merely corrections within the downtrend.
HYPE
HYPE has seen a significant rise from 20 to 70 in this round. Technically, the daily momentum is showing signs of weakening, indicating that the bulls are clearly losing strength. The 50-55 USDT level is a key support; if it dips, you could buy some, but if it doesn't recover, then forget it. I definitely won't chase the highs; dips present opportunities, and chasing highs is not worthwhile.
OPN
OPN's surge this time was truly brutal, with a single large green candle pulling it from 0.24 to 0.31, indicating very decisive entry by major players. Although it subsequently pulled back, the repeated appearance of long lower shadows around 0.24 clearly suggests a violent shakeout, with short sellers unable to push the price down at all.
Currently, the market is recovering strongly based on the moving average, with increased trading volume and a surge of funds entering the market. Today's entry range is 0.2750–0.2850, with a stop loss at 0.2600. The initial target is 0.3000, followed by 0.3180 and 0.3400.
EPIC
Short EPIC at the current price. The crash is imminent, what are you waiting for? Stop loss at 0.7, target 0.3, a 50% drop. The only risk is the small market capitalization, making it easy to be pulled back, but the big players are about to dump it, so short with me.
HOME
HOME, shorting now! After hitting a new high today, it has already fallen back, leaving over $1.5 million trapped at the high. Spot selling pressure is immense, making it impossible to push the price up. Each time it rallies, it crashes even harder. This shorting opportunity short at least several tens of times the profit.
Reminder: This round of decline is not the end, but only the beginning. Don't rush in and become cannon fodder just because of a single lower shadow line, and don't gamble your entire fortune just because you "feel it's bottomed out." Tonight, stay calm and don't be reckless.
