Bitcoin has performed extremely poorly; the market is currently dominated by gold and silver. Bitcoin is undergoing a weak correction to consolidate its gains, and I don't think major players will make any significant moves until the MSCI inclusion is finalized.
This is a learning period. Everyone can use AI to improve their investment research tools so they can use them as soon as the market opportunity arises.
BTC
The BTC candlestick chart shows the price between the previous low of 84,000 and the 30-day moving average (MA30). Low trading volume and a flat MACD indicate a severe lack of liquidity in the market. Therefore, BTC is likely to continue fluctuating between 84,000 and 90,000 in the coming days.
Currently, there is obvious accumulation at the bottom on the daily chart, with a MACD golden cross, indicating bullish support. There is a high probability of a daily-level rally. You can set a stop loss at the new low and place a long order with a stop loss below 83243. The first position can be entered at market price.
ETH
I didn't catch any long positions in Ethereum during this short-term pullback, so there's a need for a minor rebound. Additionally, a bullish flag pattern has formed on the 1-hour chart. If this pattern holds, the high might touch around 3k. However, from the 4-hour chart, this is likely a pullback at point B, which could be interpreted as hitting a secondary high before the accelerated decline in segment C begins.
Therefore, if you can short when it pulls back to the 3000-3020 range, the profit potential will be quite good, at least a hundred points or more.
ZEC
ZEC has once again reached the resistance level of 450-470. However, we have already short here three times before, so we should be more cautious this time and just use the profits from the previous shorting attempt.
I placed a larger short order for ZEC at the resistance level of 550. I will definitely short it when it reaches this level, as the resistance is very strong and the short of winning are extremely high.
If you're currently short with a small position at 450, our profit-taking points are still 430 and 410 in batches. A 1x short won't result in a margin call. If you get caught in a losing position, just hold on; it will eventually come down and you'll profit. Remember to place a short order near 550 to add to your position for added security.
MERL
MERL prices fell sharply after touching the 0.44-0.45 USDT resistance zone, with trading volume failing to increase significantly. The candlestick pattern resembled a typical shooting star. The KDJ indicator had entered the overbought zone, and the MACD death cross continued with negative bars, indicating that bearish momentum was dominant.
The 0.44-0.45 USDT range is the entry zone for short positions, with the stop-loss moved up to 0.46. If it falls below 0.40, you can add to your position, targeting 0.32-0.38. Below 0.50 USDT, all rebounds can be considered exit opportunities.
FST
The market has been so-so lately, but there's still some activity in secondary markets, especially in Binance Alpha tokens, like $pippin which has high market capitalization. I bought some FST; it has high market capitalization, a relatively small market cap, and saw unusual activity last night with increased trading volume, so I guess something's about to happen, and there's an expectation of it being listed on futures contracts. Both on-chain and Binance Alpha tokens are worth buying.
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